Bitcoin Intraday: technical rebound towards 60470 before a new drop
Aug 30, 2024 1:02 PM
technical rebound towards 60470 before a new drop.
60470 is our pivot point.
Our preference:
technical rebound towards 60470 before a new drop.
Alternative scenario:
above 60470, look for 61680 and 62400.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (59339) but below its 50 period moving average (59601).
Supports and resistances:
62400 **
61680 *
60470 **
60000
59523 last
58090
57370 **
56650 *
55930 **
Our preference:
technical rebound towards 60470 before a new drop.
Alternative scenario:
above 60470, look for 61680 and 62400.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price stands above its 20 period moving average (59339) but below its 50 period moving average (59601).
Supports and resistances:
62400 **
61680 *
60470 **
60000
59523 last
58090
57370 **
56650 *
55930 **
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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