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Bitcoin Intraday: the downside prevails as long as 61340 is resistance
Aug 22, 2024 7:50 PM
the downside prevails as long as 61340 is resistance.
Our pivot point stands at 61340.
Our preference:
the downside prevails as long as 61340 is resistance.
Alternative scenario:
the upside breakout of 61340, would call for 62550 and 63270.
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 stands below its 20 and 50 period moving average (respectively at 60696 and 60849).
Supports and resistances:
63270 **
62550 *
61340 **
60870
60378 last
58790
58070 **
57350 *
56630 **
Our preference:
the downside prevails as long as 61340 is resistance.
Alternative scenario:
the upside breakout of 61340, would call for 62550 and 63270.
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 stands below its 20 and 50 period moving average (respectively at 60696 and 60849).
Supports and resistances:
63270 **
62550 *
61340 **
60870
60378 last
58790
58070 **
57350 *
56630 **
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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