Bitcoin Intraday: under pressure below 57780
Sep 11, 2024 2:05 AM
under pressure below 57780.
57780 is our pivot point.
Our preference:
under pressure below 57780.
Alternative scenario:
the upside breakout of 57780, would call for 58950 and 59640.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 57447 and 57152).
Supports and resistances:
59640 **
58950 *
57780 **
57320
56855 last
55340
54650 **
53950 *
53260 **
Our preference:
under pressure below 57780.
Alternative scenario:
the upside breakout of 57780, would call for 58950 and 59640.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 57447 and 57152).
Supports and resistances:
59640 **
58950 *
57780 **
57320
56855 last
55340
54650 **
53950 *
53260 **
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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