Bitcoin Intraday: the downside prevails as long as 57580 is resistance
Sep 4, 2024 4:05 AM
the downside prevails as long as 57580 is resistance.
57580 is our pivot point.
Our preference:
the downside prevails as long as 57580 is resistance.
Alternative scenario:
the upside breakout of 57580, would call for 58730 and 59410.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 57441 and 58169).
Supports and resistances:
59410 **
58730 *
57580 **
57130
56679 last
55260
54570 **
53890 *
53210 **
Our preference:
the downside prevails as long as 57580 is resistance.
Alternative scenario:
the upside breakout of 57580, would call for 58730 and 59410.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 57441 and 58169).
Supports and resistances:
59410 **
58730 *
57580 **
57130
56679 last
55260
54570 **
53890 *
53210 **
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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