Bitcoin Intraday: as long as 55270 is resistance look for 52320
Sep 8, 2024 6:47 AM
as long as 55270 is resistance look for 52320.
Our pivot point stands at 55270.
Our preference:
as long as 55270 is resistance look for 52320.
Alternative scenario:
the upside breakout of 55270, would call for 56370 and 57030.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading above its 20 period moving average (54239) but under its 50 period moving average (54338).
Supports and resistances:
57030 **
56370 *
55270 **
54840
54290 last
52980
52320 **
51670 *
51010 **
Our preference:
as long as 55270 is resistance look for 52320.
Alternative scenario:
the upside breakout of 55270, would call for 56370 and 57030.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the price is trading above its 20 period moving average (54239) but under its 50 period moving average (54338).
Supports and resistances:
57030 **
56370 *
55270 **
54840
54290 last
52980
52320 **
51670 *
51010 **
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