Bitcoin Intraday: the downside prevails as long as 64130 is resistance
Sep 26, 2024 12:05 AM
the downside prevails as long as 64130 is resistance.
Our pivot point is at 64130.
Our preference:
the downside prevails as long as 64130 is resistance.
Alternative scenario:
the upside breakout of 64130, would call for 65370 and 66120.
Comment:
the RSI is below 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 63363 and 63737).
Supports and resistances:
66120 **
65370 *
64130 **
63640
63069 last
61580
60840 **
60100 *
59360 **
Our preference:
the downside prevails as long as 64130 is resistance.
Alternative scenario:
the upside breakout of 64130, would call for 65370 and 66120.
Comment:
the RSI is below 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 63363 and 63737).
Supports and resistances:
66120 **
65370 *
64130 **
63640
63069 last
61580
60840 **
60100 *
59360 **
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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