Bitcoin Short Term: as long as 56930 is support look for 74510
Oct 8, 2024 10:05 AM
as long as 56930 is support look for 74510.
Our pivot point is at 56930.
Our preference:
as long as 56930 is support look for 74510.
Alternative scenario:
the downside breakout of 56930 would call for 50450 and 46590.
Comment:
the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (63180) but above its 50 period moving average (60735).
Supports and resistances:
82320 **
78420 *
74510 **
70610
62558 last
59470
56930 **
50450 *
46590 **
Our preference:
as long as 56930 is support look for 74510.
Alternative scenario:
the downside breakout of 56930 would call for 50450 and 46590.
Comment:
the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (63180) but above its 50 period moving average (60735).
Supports and resistances:
82320 **
78420 *
74510 **
70610
62558 last
59470
56930 **
50450 *
46590 **
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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