Bitcoin Intraday: our next up target stands at 62170
Oct 11, 2024 2:05 AM
our next up target stands at 62170.
59800 is our pivot point.
Our preference:
our next up target stands at 62170.
Alternative scenario:
below 59800, expect 58880 and 58340.
Comment:
the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 59948 and 60498).
Supports and resistances:
63260 **
62720 *
62170 **
61630
60514 last
60160
59800 **
58880 *
58340 **
Our preference:
our next up target stands at 62170.
Alternative scenario:
below 59800, expect 58880 and 58340.
Comment:
the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 59948 and 60498).
Supports and resistances:
63260 **
62720 *
62170 **
61630
60514 last
60160
59800 **
58880 *
58340 **
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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