Bitcoin Intraday: the downside prevails as long as 87470 is resistance
Nov 12, 2024 2:02 PM
the downside prevails as long as 87470 is resistance.
Our pivot point stands at 87470.
Our preference:
the downside prevails as long as 87470 is resistance.
Alternative scenario:
the upside breakout of 87470, would call for 88910 and 89770.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 87906 and 87036).
Supports and resistances:
89770 **
88910 *
87470 **
86910
86344 last
84630
83780 **
82920 *
82070 **
Our preference:
the downside prevails as long as 87470 is resistance.
Alternative scenario:
the upside breakout of 87470, would call for 88910 and 89770.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 87906 and 87036).
Supports and resistances:
89770 **
88910 *
87470 **
86910
86344 last
84630
83780 **
82920 *
82070 **
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