Bitcoin Intraday: above its upper Bollinger band
Sep 2, 2024 8:41 AM
our next up target stands at 60380.
57180 is our pivot point.
Our preference:
our next up target stands at 60380.
Alternative scenario:
the downside breakout of 57180 would call for 56000 and 55300.
Comment:
the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 57614 and 57920). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (58059).
Supports and resistances:
61780 **
61080 *
60380 **
59670
58135 last
57640
57180 **
56000 *
55300 **
Our preference:
our next up target stands at 60380.
Alternative scenario:
the downside breakout of 57180 would call for 56000 and 55300.
Comment:
the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 57614 and 57920). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (58059).
Supports and resistances:
61780 **
61080 *
60380 **
59670
58135 last
57640
57180 **
56000 *
55300 **
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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