Bitcoin Short Term: the downside prevails as long as 66370 is resistance
Sep 3, 2024 10:07 AM
the downside prevails as long as 66370 is resistance.
Our pivot point is at 66370.
Our preference:
the downside prevails as long as 66370 is resistance.
Alternative scenario:
the upside breakout of 66370, would call for 74760 and 79760.
Comment:
the RSI is below 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 60056 and 61883).
Supports and resistances:
79760 **
74760 *
66370 **
63070
58836 last
48890
43980 **
39070 *
34160 **
Our preference:
the downside prevails as long as 66370 is resistance.
Alternative scenario:
the upside breakout of 66370, would call for 74760 and 79760.
Comment:
the RSI is below 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 60056 and 61883).
Supports and resistances:
79760 **
74760 *
66370 **
63070
58836 last
48890
43980 **
39070 *
34160 **
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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