Bitcoin Intraday: the downside prevails as long as 64290 is resistance
Sep 23, 2024 1:01 PM
the downside prevails as long as 64290 is resistance.
Our pivot point is at 64290.
Our preference:
the downside prevails as long as 64290 is resistance.
Alternative scenario:
the upside breakout of 64290, would call for 65540 and 66280.
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 63635 and 63369).
Supports and resistances:
66280 **
65540 *
64290 **
63800
63306 last
61820
61080 **
60330 *
59590 **
Our preference:
the downside prevails as long as 64290 is resistance.
Alternative scenario:
the upside breakout of 64290, would call for 65540 and 66280.
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 63635 and 63369).
Supports and resistances:
66280 **
65540 *
64290 **
63800
63306 last
61820
61080 **
60330 *
59590 **
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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