Bitcoin Intraday: our next up target stands at 56360
Sep 8, 2024 7:50 PM
our next up target stands at 56360.
53480 is our pivot point.
Our preference:
our next up target stands at 56360.
Alternative scenario:
the downside breakout of 53480 would call for 52380 and 51720.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 54282 and 54289).
Supports and resistances:
57680 **
57020 *
56360 **
55710
54389 last
53910
53480 **
52380 *
51720 **
Our preference:
our next up target stands at 56360.
Alternative scenario:
the downside breakout of 53480 would call for 52380 and 51720.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 54282 and 54289).
Supports and resistances:
57680 **
57020 *
56360 **
55710
54389 last
53910
53480 **
52380 *
51720 **
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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Bitcoin
70072.88
-635.8300000000017
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