Bitcoin Intraday: the upside prevails as long as 88980 is support
Nov 15, 2024 2:02 PM
the upside prevails as long as 88980 is support.
Our pivot point stands at 88980.
Our preference:
the upside prevails as long as 88980 is support.
Alternative scenario:
the downside breakout of 88980 would call for 87480 and 86590.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 88853 and 88665).
Supports and resistances:
94630 **
93740 *
92840 **
91950
90162 last
89570
88980 **
87480 *
86590 **
Our preference:
the upside prevails as long as 88980 is support.
Alternative scenario:
the downside breakout of 88980 would call for 87480 and 86590.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 88853 and 88665).
Supports and resistances:
94630 **
93740 *
92840 **
91950
90162 last
89570
88980 **
87480 *
86590 **
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