Bitcoin Intraday: the upside prevails as long as 68360 is support
Oct 21, 2024 2:05 AM
the upside prevails as long as 68360 is support.
Our pivot point stands at 68360.
Our preference:
the upside prevails as long as 68360 is support.
Alternative scenario:
below 68360, expect 67310 and 66680.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 68859 and 68554).
Supports and resistances:
72340 **
71710 *
71080 **
70460
69203 last
68770
68360 **
67310 *
66680 **
Our preference:
the upside prevails as long as 68360 is support.
Alternative scenario:
below 68360, expect 67310 and 66680.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 68859 and 68554).
Supports and resistances:
72340 **
71710 *
71080 **
70460
69203 last
68770
68360 **
67310 *
66680 **
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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