Bitcoin Intraday: the upside prevails as long as 90560 is support
Nov 18, 2024 9:41 AM
the upside prevails as long as 90560 is support.
Our pivot point stands at 90560.
Our preference:
the upside prevails as long as 90560 is support.
Alternative scenario:
the downside breakout of 90560 would call for 89030 and 88120.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 90960 and 90554).
Supports and resistances:
96760 **
95850 *
94930 **
94020
91758 last
91160
90560 **
89030 *
88120 **
Our preference:
the upside prevails as long as 90560 is support.
Alternative scenario:
the downside breakout of 90560 would call for 89030 and 88120.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 90960 and 90554).
Supports and resistances:
96760 **
95850 *
94930 **
94020
91758 last
91160
90560 **
89030 *
88120 **
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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