Bitcoin Intraday: rebound towards 58640
Sep 4, 2024 1:02 PM
rebound towards 58640.
Our pivot point stands at 55690.
Our preference:
rebound towards 58640.
Alternative scenario:
the downside breakout of 55690 would call for 54550 and 53860.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (56575) but below its 50 period moving average (57277).
Supports and resistances:
60010 **
59330 *
58640 **
57960
56595 last
56140
55690 **
54550 *
53860 **
Our preference:
rebound towards 58640.
Alternative scenario:
the downside breakout of 55690 would call for 54550 and 53860.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (56575) but below its 50 period moving average (57277).
Supports and resistances:
60010 **
59330 *
58640 **
57960
56595 last
56140
55690 **
54550 *
53860 **
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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