Bitcoin Intraday: the downside prevails as long as 60360 is resistance
Aug 28, 2024 2:04 AM
the downside prevails as long as 60360 is resistance.
Our pivot point stands at 60360.
Our preference:
the downside prevails as long as 60360 is resistance.
Alternative scenario:
above 60360, look for 61570 and 62280.
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 60657 and 61826).
Supports and resistances:
62280 **
61570 *
60360 **
59890
59385 last
57930
57210 **
56490 *
55780 **
Our preference:
the downside prevails as long as 60360 is resistance.
Alternative scenario:
above 60360, look for 61570 and 62280.
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 60657 and 61826).
Supports and resistances:
62280 **
61570 *
60360 **
59890
59385 last
57930
57210 **
56490 *
55780 **
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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