Bitcoin Intraday: the upside prevails as long as 80590 is support
Nov 11, 2024 3:05 AM
the upside prevails as long as 80590 is support.
Our pivot point stands at 80590.
Our preference:
the upside prevails as long as 80590 is support.
Alternative scenario:
the downside breakout of 80590 would call for 79550 and 78940.
Comment:
the RSI is above 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 80520 and 79717).
Supports and resistances:
84550 **
83930 *
83310 **
82690
81411 last
81000
80590 **
79550 *
78940 **
Our preference:
the upside prevails as long as 80590 is support.
Alternative scenario:
the downside breakout of 80590 would call for 79550 and 78940.
Comment:
the RSI is above 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 80520 and 79717).
Supports and resistances:
84550 **
83930 *
83310 **
82690
81411 last
81000
80590 **
79550 *
78940 **
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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