Bitcoin Intraday: the downside prevails as long as 60910 is resistance
Sep 18, 2024 1:02 PM
the downside prevails as long as 60910 is resistance.
Our pivot point stands at 60910.
Our preference:
the downside prevails as long as 60910 is resistance.
Alternative scenario:
the upside breakout of 60910, would call for 62100 and 62800.
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 stands below its 20 and 50 period moving average (respectively at 60150 and 60257).
Supports and resistances:
62800 **
62100 *
60910 **
60450
59983 last
58570
57870 **
57170 *
56460 **
Our preference:
the downside prevails as long as 60910 is resistance.
Alternative scenario:
the upside breakout of 60910, would call for 62100 and 62800.
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 stands below its 20 and 50 period moving average (respectively at 60150 and 60257).
Supports and resistances:
62800 **
62100 *
60910 **
60450
59983 last
58570
57870 **
57170 *
56460 **
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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