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Bitcoin Intraday: the downside prevails as long as 64540 is resistance
Aug 26, 2024 7:50 PM
the downside prevails as long as 64540 is resistance.
64540 is our pivot point.
Our preference:
the downside prevails as long as 64540 is resistance.
Alternative scenario:
above 64540, look for 65810 and 66570.
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 is trading under both its 20 and 50 period moving average (respectively at 63656 and 63920).
Supports and resistances:
66570 **
65810 *
64540 **
64030
63346 last
61830
61080 **
60320 *
59560 **
Our preference:
the downside prevails as long as 64540 is resistance.
Alternative scenario:
above 64540, look for 65810 and 66570.
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 is trading under both its 20 and 50 period moving average (respectively at 63656 and 63920).
Supports and resistances:
66570 **
65810 *
64540 **
64030
63346 last
61830
61080 **
60320 *
59560 **
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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