Bitcoin Intraday: the upside prevails as long as 55970 is support
Sep 6, 2024 1:02 PM
the upside prevails as long as 55970 is support.
Our pivot point is at 55970.
Our preference:
the upside prevails as long as 55970 is support.
Alternative scenario:
below 55970, expect 54820 and 54130.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 56197 and 56296).
Supports and resistances:
60310 **
59620 *
58930 **
58250
56875 last
56420
55970 **
54820 *
54130 **
Our preference:
the upside prevails as long as 55970 is support.
Alternative scenario:
below 55970, expect 54820 and 54130.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 56197 and 56296).
Supports and resistances:
60310 **
59620 *
58930 **
58250
56875 last
56420
55970 **
54820 *
54130 **
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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