Bitcoin Intraday: the downside prevails as long as 90960 is resistance
Nov 17, 2024 8:50 PM
the downside prevails as long as 90960 is resistance.
Our pivot point is at 90960.
Our preference:
the downside prevails as long as 90960 is resistance.
Alternative scenario:
above 90960, look for 92450 and 93340.
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 90325 and 90519).
Supports and resistances:
93340 **
92450 *
90960 **
90370
89633 last
87850
86960 **
86070 *
85180 **
Our preference:
the downside prevails as long as 90960 is resistance.
Alternative scenario:
above 90960, look for 92450 and 93340.
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 90325 and 90519).
Supports and resistances:
93340 **
92450 *
90960 **
90370
89633 last
87850
86960 **
86070 *
85180 **
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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