Bitcoin Intraday: target 60940
Sep 20, 2024 8:41 AM
target 60940.
Our pivot point stands at 64260.
Our preference:
target 60940.
Alternative scenario:
above 64260, look for 65500 and 66250.
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 is below its 20 period moving average (63325) but above its 50 period moving average (63110).
Supports and resistances:
66250 **
65500 *
64260 **
63760
63190 last
61680
60940 **
60200 *
59450 **
Our preference:
target 60940.
Alternative scenario:
above 64260, look for 65500 and 66250.
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 is below its 20 period moving average (63325) but above its 50 period moving average (63110).
Supports and resistances:
66250 **
65500 *
64260 **
63760
63190 last
61680
60940 **
60200 *
59450 **
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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