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Bitcoin Intraday: the downside prevails as long as 64660 is resistance
Aug 26, 2024 1:02 PM
the downside prevails as long as 64660 is resistance.
Our pivot point is at 64660.
Our preference:
the downside prevails as long as 64660 is resistance.
Alternative scenario:
above 64660, look for 65930 and 66700.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 63855 and 64063).
Supports and resistances:
66700 **
65930 *
64660 **
64160
63654 last
62130
61370 **
60610 *
59850 **
Our preference:
the downside prevails as long as 64660 is resistance.
Alternative scenario:
above 64660, look for 65930 and 66700.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 63855 and 64063).
Supports and resistances:
66700 **
65930 *
64660 **
64160
63654 last
62130
61370 **
60610 *
59850 **
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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