Bitcoin Intraday: rebound towards 58950
Sep 4, 2024 8:41 AM
rebound towards 58950.
Our pivot point stands at 55840.
Our preference:
rebound towards 58950.
Alternative scenario:
the downside breakout of 55840 would call for 54690 and 54010.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (56780) but below its 50 period moving average (57714).
Supports and resistances:
60320 **
59630 *
58950 **
58260
56790 last
56290
55840 **
54690 *
54010 **
Our preference:
rebound towards 58950.
Alternative scenario:
the downside breakout of 55840 would call for 54690 and 54010.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (56780) but below its 50 period moving average (57714).
Supports and resistances:
60320 **
59630 *
58950 **
58260
56790 last
56290
55840 **
54690 *
54010 **
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
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