Bitcoin Intraday: the downside prevails as long as 61740 is resistance
Oct 2, 2024 12:05 AM
the downside prevails as long as 61740 is resistance.
Our pivot point is at 61740.
Our preference:
the downside prevails as long as 61740 is resistance.
Alternative scenario:
above 61740, look for 62920 and 63620.
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 61570 and 62817).
Supports and resistances:
63620 **
62920 *
61740 **
61280
60815 last
59360
58660 **
57960 *
57260 **
Our preference:
the downside prevails as long as 61740 is resistance.
Alternative scenario:
above 61740, look for 62920 and 63620.
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 61570 and 62817).
Supports and resistances:
63620 **
62920 *
61740 **
61280
60815 last
59360
58660 **
57960 *
57260 **
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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