Bitcoin Intraday: the downside prevails as long as 60010 is resistance
Aug 30, 2024 4:06 AM
the downside prevails as long as 60010 is resistance.
Our pivot point stands at 60010.
Our preference:
the downside prevails as long as 60010 is resistance.
Alternative scenario:
above 60010, look for 61210 and 61920.
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 59267 and 59683).
Supports and resistances:
61920 **
61210 *
60010 **
59540
59063 last
57640
56920 **
56210 *
55500 **
Our preference:
the downside prevails as long as 60010 is resistance.
Alternative scenario:
above 60010, look for 61210 and 61920.
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 59267 and 59683).
Supports and resistances:
61920 **
61210 *
60010 **
59540
59063 last
57640
56920 **
56210 *
55500 **
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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