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Bitcoin Intraday: the upside prevails as long as 58570 is support
Aug 21, 2024 1:02 PM
the upside prevails as long as 58570 is support.
Our pivot point stands at 58570.
Our preference: the upside prevails as long as 58570 is support.
Alternative scenario: the downside breakout of 58570 would call for 57380 and 56670.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 59448 and 59405).
Supports and resistances:
63070 **
62360 *
61650 **
60930
59513 last
59040
58570 **
57380 *
56670 **
Our preference: the upside prevails as long as 58570 is support.
Alternative scenario: the downside breakout of 58570 would call for 57380 and 56670.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 59448 and 59405).
Supports and resistances:
63070 **
62360 *
61650 **
60930
59513 last
59040
58570 **
57380 *
56670 **
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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