Bitcoin Short Term: the upside prevails as long as 55990 is support
Sep 24, 2024 10:05 AM
the upside prevails as long as 55990 is support.
Our pivot point is at 55990.
Our preference:
the upside prevails as long as 55990 is support.
Alternative scenario:
below 55990, expect 47400 and 42290.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 59463 and 59581).
Supports and resistances:
89990 **
84780 *
79570 **
74360
63509 last
59360
55990 **
47400 *
42290 **
Our preference:
the upside prevails as long as 55990 is support.
Alternative scenario:
below 55990, expect 47400 and 42290.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 59463 and 59581).
Supports and resistances:
89990 **
84780 *
79570 **
74360
63509 last
59360
55990 **
47400 *
42290 **
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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