Bitcoin Intraday: the downside prevails as long as 63950 is resistance
Sep 24, 2024 2:05 AM
the downside prevails as long as 63950 is resistance.
Our pivot point stands at 63950.
Our preference:
the downside prevails as long as 63950 is resistance.
Alternative scenario:
above 63950, look for 65190 and 65930.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 63256 and 63495).
Supports and resistances:
65930 **
65190 *
63950 **
63460
62908 last
61430
60690 **
59950 *
59210 **
Our preference:
the downside prevails as long as 63950 is resistance.
Alternative scenario:
above 63950, look for 65190 and 65930.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 63256 and 63495).
Supports and resistances:
65930 **
65190 *
63950 **
63460
62908 last
61430
60690 **
59950 *
59210 **
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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