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Bitcoin Intraday: the downside prevails as long as 63390 is resistance
Oct 8, 2024 6:47 AM
the downside prevails as long as 63390 is resistance.
Our pivot point stands at 63390.
Our preference:
the downside prevails as long as 63390 is resistance.
Alternative scenario:
above 63390, look for 64600 and 65320.
Comment:
the RSI is below 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 62624 and 63082).
Supports and resistances:
65320 **
64600 *
63390 **
62910
62435 last
60800
60080 **
59360 *
58640 **
Our preference:
the downside prevails as long as 63390 is resistance.
Alternative scenario:
above 63390, look for 64600 and 65320.
Comment:
the RSI is below 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 62624 and 63082).
Supports and resistances:
65320 **
64600 *
63390 **
62910
62435 last
60800
60080 **
59360 *
58640 **
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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