Bitcoin Intraday: the downside prevails as long as 60190 is resistance
Aug 30, 2024 2:05 AM
the downside prevails as long as 60190 is resistance.
Our pivot point is at 60190.
Our preference:
the downside prevails as long as 60190 is resistance.
Alternative scenario:
the upside breakout of 60190, would call for 61390 and 62100.
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 is trading under both its 20 and 50 period moving average (respectively at 59499 and 59686).
Supports and resistances:
62100 **
61390 *
60190 **
59720
59223 last
57760
57040 **
56330 *
55620 **
Our preference:
the downside prevails as long as 60190 is resistance.
Alternative scenario:
the upside breakout of 60190, would call for 61390 and 62100.
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 is trading under both its 20 and 50 period moving average (respectively at 59499 and 59686).
Supports and resistances:
62100 **
61390 *
60190 **
59720
59223 last
57760
57040 **
56330 *
55620 **
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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