Bitcoin Intraday: the upside prevails as long as 80650 is support
Nov 11, 2024 5:05 AM
the upside prevails as long as 80650 is support.
Our pivot point is at 80650.
Our preference:
the upside prevails as long as 80650 is support.
Alternative scenario:
the downside breakout of 80650 would call for 79610 and 78990.
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 trading above both its 20 and 50 period moving average (respectively at 80689 and 80048).
Supports and resistances:
84630 **
84010 *
83390 **
82780
81492 last
81060
80650 **
79610 *
78990 **
Our preference:
the upside prevails as long as 80650 is support.
Alternative scenario:
the downside breakout of 80650 would call for 79610 and 78990.
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 trading above both its 20 and 50 period moving average (respectively at 80689 and 80048).
Supports and resistances:
84630 **
84010 *
83390 **
82780
81492 last
81060
80650 **
79610 *
78990 **
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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