Bitcoin Intraday: above its upper Bollinger band
Nov 15, 2024 9:44 AM
our next up target stands at 91960.
Our pivot point is at 87940.
Our preference:
our next up target stands at 91960.
Alternative scenario:
below 87940, expect 86460 and 85580.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 88096 and 88918). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 89013).
Supports and resistances:
93730 **
92840 *
91960 **
91070
89155 last
88530
87940 **
86460 *
85580 **
Our preference:
our next up target stands at 91960.
Alternative scenario:
below 87940, expect 86460 and 85580.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 88096 and 88918). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 89013).
Supports and resistances:
93730 **
92840 *
91960 **
91070
89155 last
88530
87940 **
86460 *
85580 **
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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