Bitcoin Intraday: as long as 68670 is support look for 71210
Nov 5, 2024 8:50 PM
as long as 68670 is support look for 71210.
Our pivot point stands at 68670.
Our preference:
as long as 68670 is support look for 71210.
Alternative scenario:
the downside breakout of 68670 would call for 67780 and 67260.
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 69468 and 68693).
Supports and resistances:
72270 **
71740 *
71210 **
70690
69542 last
69020
68670 **
67780 *
67260 **
Our preference:
as long as 68670 is support look for 71210.
Alternative scenario:
the downside breakout of 68670 would call for 67780 and 67260.
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 69468 and 68693).
Supports and resistances:
72270 **
71740 *
71210 **
70690
69542 last
69020
68670 **
67780 *
67260 **
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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