Bitcoin Intraday: the upside prevails as long as 58160 is support
Sep 3, 2024 12:05 AM
the upside prevails as long as 58160 is support.
Our pivot point is at 58160.
Our preference:
the upside prevails as long as 58160 is support.
Alternative scenario:
below 58160, expect 56970 and 56250.
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 is trading above both its 20 and 50 period moving average (respectively at 58754 and 58239).
Supports and resistances:
62700 **
61990 *
61280 **
60560
59105 last
58630
58160 **
56970 *
56250 **
Our preference:
the upside prevails as long as 58160 is support.
Alternative scenario:
below 58160, expect 56970 and 56250.
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 is trading above both its 20 and 50 period moving average (respectively at 58754 and 58239).
Supports and resistances:
62700 **
61990 *
61280 **
60560
59105 last
58630
58160 **
56970 *
56250 **
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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