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Bitcoin Intraday: as long as 61560 is resistance look for 58440
Aug 23, 2024 4:04 AM
as long as 61560 is resistance look for 58440.
61560 is our pivot point.
Our preference:
as long as 61560 is resistance look for 58440.
Alternative scenario:
above 61560, look for 62780 and 63500.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is trading above its 20 period moving average (60552) but under its 50 period moving average (60696).
Supports and resistances:
63500 **
62780 *
61560 **
61090
60608 last
59160
58440 **
57710 *
56990 **
Our preference:
as long as 61560 is resistance look for 58440.
Alternative scenario:
above 61560, look for 62780 and 63500.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is trading above its 20 period moving average (60552) but under its 50 period moving average (60696).
Supports and resistances:
63500 **
62780 *
61560 **
61090
60608 last
59160
58440 **
57710 *
56990 **
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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