Bitcoin Intraday: the downside prevails as long as 60650 is resistance
Aug 29, 2024 7:50 PM
the downside prevails as long as 60650 is resistance.
Our pivot point is at 60650.
Our preference:
the downside prevails as long as 60650 is resistance.
Alternative scenario:
above 60650, look for 61860 and 62580.
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 stands below its 20 and 50 period moving average (respectively at 60200 and 59645).
Supports and resistances:
62580 **
61860 *
60650 **
60180
59526 last
57900
57180 **
56460 *
55750 **
Our preference:
the downside prevails as long as 60650 is resistance.
Alternative scenario:
above 60650, look for 61860 and 62580.
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 stands below its 20 and 50 period moving average (respectively at 60200 and 59645).
Supports and resistances:
62580 **
61860 *
60650 **
60180
59526 last
57900
57180 **
56460 *
55750 **
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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