Bitcoin Intraday: the downside prevails as long as 88560 is resistance
Nov 13, 2024 5:05 AM
the downside prevails as long as 88560 is resistance.
Our pivot point stands at 88560.
Our preference:
the downside prevails as long as 88560 is resistance.
Alternative scenario:
the upside breakout of 88560, would call for 90010 and 90880.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 88159 and 87941).
Supports and resistances:
90880 **
90010 *
88560 **
87990
87213 last
85480
84620 **
83760 *
82890 **
Our preference:
the downside prevails as long as 88560 is resistance.
Alternative scenario:
the upside breakout of 88560, would call for 90010 and 90880.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 88159 and 87941).
Supports and resistances:
90880 **
90010 *
88560 **
87990
87213 last
85480
84620 **
83760 *
82890 **
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