Bitcoin Intraday: the downside prevails as long as 93470 is resistance
Nov 20, 2024 5:05 AM
the downside prevails as long as 93470 is resistance.
Our pivot point stands at 93470.
Our preference:
the downside prevails as long as 93470 is resistance.
Alternative scenario:
above 93470, look for 95020 and 95950.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 92275 and 92194).
Supports and resistances:
95950 **
95020 *
93470 **
92860
92183 last
90340
89410 **
88490 *
87570 **
Our preference:
the downside prevails as long as 93470 is resistance.
Alternative scenario:
above 93470, look for 95020 and 95950.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 92275 and 92194).
Supports and resistances:
95950 **
95020 *
93470 **
92860
92183 last
90340
89410 **
88490 *
87570 **
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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