Bitcoin Intraday: the downside prevails as long as 90630 is resistance
Nov 18, 2024 2:02 PM
the downside prevails as long as 90630 is resistance.
Our pivot point stands at 90630.
Our preference:
the downside prevails as long as 90630 is resistance.
Alternative scenario:
the upside breakout of 90630, would call for 92120 and 93010.
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 is trading under both its 20 and 50 period moving average (respectively at 91012 and 90473).
Supports and resistances:
93010 **
92120 *
90630 **
90050
89463 last
87690
86800 **
85920 *
85030 **
Our preference:
the downside prevails as long as 90630 is resistance.
Alternative scenario:
the upside breakout of 90630, would call for 92120 and 93010.
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 is trading under both its 20 and 50 period moving average (respectively at 91012 and 90473).
Supports and resistances:
93010 **
92120 *
90630 **
90050
89463 last
87690
86800 **
85920 *
85030 **
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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