Bitcoin Intraday: the downside prevails as long as 56740 is resistance
Sep 6, 2024 8:42 AM
the downside prevails as long as 56740 is resistance.
Our pivot point stands at 56740.
Our preference:
the downside prevails as long as 56740 is resistance.
Alternative scenario:
the upside breakout of 56740, would call for 57870 and 58550.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 56301 and 56413).
Supports and resistances:
58550 **
57870 *
56740 **
56290
55800 last
54440
53770 **
53100 *
52420 **
Our preference:
the downside prevails as long as 56740 is resistance.
Alternative scenario:
the upside breakout of 56740, would call for 57870 and 58550.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 56301 and 56413).
Supports and resistances:
58550 **
57870 *
56740 **
56290
55800 last
54440
53770 **
53100 *
52420 **
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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