Bitcoin Intraday: the downside prevails as long as 68390 is resistance
Oct 17, 2024 4:05 AM
the downside prevails as long as 68390 is resistance.
Our pivot point stands at 68390.
Our preference:
the downside prevails as long as 68390 is resistance.
Alternative scenario:
above 68390, look for 69420 and 70030.
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 67659 and 67561).
Supports and resistances:
70030 **
69420 *
68390 **
67980
67560 last
66330
65720 **
65100 *
64490 **
Our preference:
the downside prevails as long as 68390 is resistance.
Alternative scenario:
above 68390, look for 69420 and 70030.
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 67659 and 67561).
Supports and resistances:
70030 **
69420 *
68390 **
67980
67560 last
66330
65720 **
65100 *
64490 **
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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