Search
Bitcoin Intraday: below its lower Bollinger band
Aug 27, 2024 12:05 AM
the downside prevails as long as 63850 is resistance.
Our pivot point stands at 63850.
Our preference:
the downside prevails as long as 63850 is resistance.
Alternative scenario:
the upside breakout of 63850, would call for 65110 and 65860.
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 stands below its 20 and 50 period moving average (respectively at 63334 and 63687). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (62772).
Supports and resistances:
65860 **
65110 *
63850 **
63350
62763 last
61260
60510 **
59760 *
59020 **
Our preference:
the downside prevails as long as 63850 is resistance.
Alternative scenario:
the upside breakout of 63850, would call for 65110 and 65860.
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 stands below its 20 and 50 period moving average (respectively at 63334 and 63687). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (62772).
Supports and resistances:
65860 **
65110 *
63850 **
63350
62763 last
61260
60510 **
59760 *
59020 **
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.
Related Instruments
Bitcoin
72706.95
-624.7299999999959
-85.20%
