Bitcoin Intraday: the downside prevails as long as 58100 is resistance
Sep 5, 2024 8:42 AM
the downside prevails as long as 58100 is resistance.
Our pivot point stands at 58100.
Our preference:
the downside prevails as long as 58100 is resistance.
Alternative scenario:
above 58100, look for 59260 and 59950.
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 57468 and 57411).
Supports and resistances:
59950 **
59260 *
58100 **
57650
57000 last
55620
54940 **
54250 *
53560 **
Our preference:
the downside prevails as long as 58100 is resistance.
Alternative scenario:
above 58100, look for 59260 and 59950.
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 57468 and 57411).
Supports and resistances:
59950 **
59260 *
58100 **
57650
57000 last
55620
54940 **
54250 *
53560 **
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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