Search
Bitcoin Intraday: the downside prevails as long as 61280 is resistance
Oct 10, 2024 12:05 AM
the downside prevails as long as 61280 is resistance.
61280 is our pivot point.
Our preference:
the downside prevails as long as 61280 is resistance.
Alternative scenario:
the upside breakout of 61280, would call for 62190 and 62730.
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 stands below its 20 and 50 period moving average (respectively at 61183 and 61788).
Supports and resistances:
62730 **
62190 *
61280 **
60920
60557 last
59470
58930 **
58380 *
57840 **
Our preference:
the downside prevails as long as 61280 is resistance.
Alternative scenario:
the upside breakout of 61280, would call for 62190 and 62730.
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 stands below its 20 and 50 period moving average (respectively at 61183 and 61788).
Supports and resistances:
62730 **
62190 *
61280 **
60920
60557 last
59470
58930 **
58380 *
57840 **
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.
Related Instruments
Bitcoin
70636.08
-669.3499999999913
-93.90%
