Bitcoin Intraday: the downside prevails as long as 59510 is resistance
Sep 16, 2024 4:05 AM
the downside prevails as long as 59510 is resistance.
59510 is our pivot point.
Our preference:
the downside prevails as long as 59510 is resistance.
Alternative scenario:
the upside breakout of 59510, would call for 60720 and 61440.
Comment:
the RSI is below 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 59141 and 59712).
Supports and resistances:
61440 **
60720 *
59510 **
59040
58565 last
57130
56410 **
55690 *
54970 **
Our preference:
the downside prevails as long as 59510 is resistance.
Alternative scenario:
the upside breakout of 59510, would call for 60720 and 61440.
Comment:
the RSI is below 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 59141 and 59712).
Supports and resistances:
61440 **
60720 *
59510 **
59040
58565 last
57130
56410 **
55690 *
54970 **
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
70909.58
104.41000000000349
+14.70%
