Bitcoin Intraday: the upside prevails as long as 66710 is support
Oct 18, 2024 4:05 AM
the upside prevails as long as 66710 is support.
66710 is our pivot point.
Our preference:
the upside prevails as long as 66710 is support.
Alternative scenario:
the downside breakout of 66710 would call for 65680 and 65070.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 67370 and 67265).
Supports and resistances:
70620 **
70010 *
69400 **
68780
67561 last
67110
66710 **
65680 *
65070 **
Our preference:
the upside prevails as long as 66710 is support.
Alternative scenario:
the downside breakout of 66710 would call for 65680 and 65070.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 67370 and 67265).
Supports and resistances:
70620 **
70010 *
69400 **
68780
67561 last
67110
66710 **
65680 *
65070 **
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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