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Bitcoin Intraday: the downside prevails as long as 63430 is resistance
Aug 27, 2024 1:02 PM
the downside prevails as long as 63430 is resistance.
63430 is our pivot point.
Our preference:
the downside prevails as long as 63430 is resistance.
Alternative scenario:
the upside breakout of 63430, would call for 64690 and 65450.
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 62736 and 63084).
Supports and resistances:
65450 **
64690 *
63430 **
62930
62434 last
60930
60170 **
59420 *
58670 **
Our preference:
the downside prevails as long as 63430 is resistance.
Alternative scenario:
the upside breakout of 63430, would call for 64690 and 65450.
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 62736 and 63084).
Supports and resistances:
65450 **
64690 *
63430 **
62930
62434 last
60930
60170 **
59420 *
58670 **
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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