Bitcoin Short Term: the downside prevails as long as 63810 is resistance
Sep 10, 2024 10:04 AM
the downside prevails as long as 63810 is resistance.
Our pivot point stands at 63810.
Our preference:
the downside prevails as long as 63810 is resistance.
Alternative scenario:
above 63810, look for 72000 and 76880.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 58849 and 60427).
Supports and resistances:
76880 **
72000 *
63810 **
60600
57141 last
46850
42060 **
37260 *
32470 **
Our preference:
the downside prevails as long as 63810 is resistance.
Alternative scenario:
above 63810, look for 72000 and 76880.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 58849 and 60427).
Supports and resistances:
76880 **
72000 *
63810 **
60600
57141 last
46850
42060 **
37260 *
32470 **
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.
Related Instruments
Bitcoin
69408.81
-1396.3600000000006
-197.20%
