Bitcoin Intraday: the downside prevails as long as 68140 is resistance
Oct 17, 2024 8:47 AM
the downside prevails as long as 68140 is resistance.
Our pivot point stands at 68140.
Our preference:
the downside prevails as long as 68140 is resistance.
Alternative scenario:
the upside breakout of 68140, would call for 69160 and 69770.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 67446 and 67597).
Supports and resistances:
69770 **
69160 *
68140 **
67730
67327 last
66010
65400 **
64790 *
64180 **
Our preference:
the downside prevails as long as 68140 is resistance.
Alternative scenario:
the upside breakout of 68140, would call for 69160 and 69770.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 67446 and 67597).
Supports and resistances:
69770 **
69160 *
68140 **
67730
67327 last
66010
65400 **
64790 *
64180 **
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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