Bitcoin Intraday: our next up target stands at 62990
Oct 3, 2024 7:50 PM
our next up target stands at 62990.
59830 is our pivot point.
Our preference:
our next up target stands at 62990.
Alternative scenario:
the downside breakout of 59830 would call for 58660 and 57960.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 60538 and 60752).
Supports and resistances:
64400 **
63700 *
62990 **
62290
60878 last
60300
59830 **
58660 *
57960 **
Our preference:
our next up target stands at 62990.
Alternative scenario:
the downside breakout of 59830 would call for 58660 and 57960.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 60538 and 60752).
Supports and resistances:
64400 **
63700 *
62990 **
62290
60878 last
60300
59830 **
58660 *
57960 **
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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Bitcoin
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