Bitcoin Intraday: target 65590
Oct 23, 2024 2:05 AM
target 65590.
68060 is our pivot point.
Our preference:
target 65590.
Alternative scenario:
the upside breakout of 68060, would call for 69010 and 69580.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (67380) but above its 50 period moving average (67306).
Supports and resistances:
69580 **
69010 *
68060 **
67690
67316 last
66160
65590 **
65030 *
64460 **
Our preference:
target 65590.
Alternative scenario:
the upside breakout of 68060, would call for 69010 and 69580.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (67380) but above its 50 period moving average (67306).
Supports and resistances:
69580 **
69010 *
68060 **
67690
67316 last
66160
65590 **
65030 *
64460 **
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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