Bitcoin Intraday: rebound towards 61300
Aug 29, 2024 4:05 AM
rebound towards 61300.
Our pivot point is at 58180.
Our preference:
rebound towards 61300.
Alternative scenario:
below 58180, expect 56980 and 56270.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 59152 and 59282).
Supports and resistances:
62730 **
62020 *
61300 **
60590
59125 last
58650
58180 **
56980 *
56270 **
Our preference:
rebound towards 61300.
Alternative scenario:
below 58180, expect 56980 and 56270.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 59152 and 59282).
Supports and resistances:
62730 **
62020 *
61300 **
60590
59125 last
58650
58180 **
56980 *
56270 **
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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