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Bitcoin Intraday: the downside prevails as long as 60490 is resistance
Aug 20, 2024 7:50 PM
the downside prevails as long as 60490 is resistance.
60490 is our pivot point.
Our preference: the downside prevails as long as 60490 is resistance.
Alternative scenario: above 60490, look for 61680 and 62390.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 59796 and 60056).
Supports and resistances:
62390 **
61680 *
60490 **
60020
59506 last
57960
57250 **
56540 *
55830 **
Our preference: the downside prevails as long as 60490 is resistance.
Alternative scenario: above 60490, look for 61680 and 62390.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 59796 and 60056).
Supports and resistances:
62390 **
61680 *
60490 **
60020
59506 last
57960
57250 **
56540 *
55830 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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