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Bitcoin Intraday: rebound towards 62560
Aug 23, 2024 12:05 AM
rebound towards 62560.
Our pivot point is at 59440.
Our preference:
rebound towards 62560.
Alternative scenario:
the downside breakout of 59440 would call for 58230 and 57500.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 60432 and 60706).
Supports and resistances:
64010 **
63290 *
62560 **
61840
60400 last
59910
59440 **
58230 *
57500 **
Our preference:
rebound towards 62560.
Alternative scenario:
the downside breakout of 59440 would call for 58230 and 57500.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 60432 and 60706).
Supports and resistances:
64010 **
63290 *
62560 **
61840
60400 last
59910
59440 **
58230 *
57500 **
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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