Bitcoin Intraday: the upside prevails as long as 65850 is support
Oct 24, 2024 12:05 AM
the upside prevails as long as 65850 is support.
Our pivot point stands at 65850.
Our preference:
the upside prevails as long as 65850 is support.
Alternative scenario:
the downside breakout of 65850 would call for 64910 and 64350.
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 above its 20 and 50 period moving average (respectively at 66206 and 66575).
Supports and resistances:
69430 **
68870 *
68310 **
67750
66594 last
66220
65850 **
64910 *
64350 **
Our preference:
the upside prevails as long as 65850 is support.
Alternative scenario:
the downside breakout of 65850 would call for 64910 and 64350.
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 above its 20 and 50 period moving average (respectively at 66206 and 66575).
Supports and resistances:
69430 **
68870 *
68310 **
67750
66594 last
66220
65850 **
64910 *
64350 **
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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