Bitcoin Intraday: the downside prevails as long as 88750 is resistance
Nov 13, 2024 7:47 AM
the downside prevails as long as 88750 is resistance.
Our pivot point is at 88750.
Our preference:
the downside prevails as long as 88750 is resistance.
Alternative scenario:
above 88750, look for 90200 and 91070.
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 87634 and 87762).
Supports and resistances:
91070 **
90200 *
88750 **
88170
87499 last
85400
84540 **
83680 *
82810 **
Our preference:
the downside prevails as long as 88750 is resistance.
Alternative scenario:
above 88750, look for 90200 and 91070.
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 87634 and 87762).
Supports and resistances:
91070 **
90200 *
88750 **
88170
87499 last
85400
84540 **
83680 *
82810 **
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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