Bitcoin Intraday: as long as 70310 is support look for 72890
Oct 29, 2024 10:34 AM
as long as 70310 is support look for 72890.
Our pivot point stands at 70310.
Our preference:
as long as 70310 is support look for 72890.
Alternative scenario:
below 70310, expect 69310 and 68710.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 70959 and 69871).
Supports and resistances:
74080 **
73490 *
72890 **
72290
71096 last
70700
70310 **
69310 *
68710 **
Our preference:
as long as 70310 is support look for 72890.
Alternative scenario:
below 70310, expect 69310 and 68710.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 70959 and 69871).
Supports and resistances:
74080 **
73490 *
72890 **
72290
71096 last
70700
70310 **
69310 *
68710 **
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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