Bitcoin Intraday: rebound towards 61140
Aug 30, 2024 7:50 PM
rebound towards 61140.
57800 is our pivot point.
Our preference:
rebound towards 61140.
Alternative scenario:
the downside breakout of 57800 would call for 56610 and 55900.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 59022 and 59169).
Supports and resistances:
62560 **
61850 *
61140 **
60420
58804 last
58270
57800 **
56610 *
55900 **
Our preference:
rebound towards 61140.
Alternative scenario:
the downside breakout of 57800 would call for 56610 and 55900.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 59022 and 59169).
Supports and resistances:
62560 **
61850 *
61140 **
60420
58804 last
58270
57800 **
56610 *
55900 **
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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Bitcoin
68896.87
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