Bitcoin Intraday: under pressure below 89130
Nov 13, 2024 3:05 AM
under pressure below 89130.
Our pivot point is at 89130.
Our preference:
under pressure below 89130.
Alternative scenario:
the upside breakout of 89130, would call for 90590 and 91460.
Comment:
the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 88438 and 88018).
Supports and resistances:
91460 **
90590 *
89130 **
88550
87950 last
86210
85330 **
84460 *
83590 **
Our preference:
under pressure below 89130.
Alternative scenario:
the upside breakout of 89130, would call for 90590 and 91460.
Comment:
the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 88438 and 88018).
Supports and resistances:
91460 **
90590 *
89130 **
88550
87950 last
86210
85330 **
84460 *
83590 **
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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