Bitcoin Intraday: target 54480
Sep 10, 2024 4:05 AM
target 54480.
Our pivot point is at 57460.
Our preference:
target 54480.
Alternative scenario:
above 57460, look for 58610 and 59290.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (56966) but above its 50 period moving average (55995).
Supports and resistances:
59290 **
58610 *
57460 **
57010
56530 last
55170
54480 **
53800 *
53120 **
Our preference:
target 54480.
Alternative scenario:
above 57460, look for 58610 and 59290.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (56966) but above its 50 period moving average (55995).
Supports and resistances:
59290 **
58610 *
57460 **
57010
56530 last
55170
54480 **
53800 *
53120 **
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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