Bitcoin Intraday: as long as 53470 is support look for 56370
Sep 7, 2024 7:50 PM
as long as 53470 is support look for 56370.
Our pivot point is at 53470.
Our preference:
as long as 53470 is support look for 56370.
Alternative scenario:
below 53470, expect 52370 and 51710.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (54472) but above its 50 period moving average (54125).
Supports and resistances:
57690 **
57030 *
56370 **
55720
54403 last
53900
53470 **
52370 *
51710 **
Our preference:
as long as 53470 is support look for 56370.
Alternative scenario:
below 53470, expect 52370 and 51710.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (54472) but above its 50 period moving average (54125).
Supports and resistances:
57690 **
57030 *
56370 **
55720
54403 last
53900
53470 **
52370 *
51710 **
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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