Bitcoin Intraday: the downside prevails as long as 94920 is resistance
Nov 26, 2024 9:42 AM
the downside prevails as long as 94920 is resistance.
Our pivot point is at 94920.
Our preference:
the downside prevails as long as 94920 is resistance.
Alternative scenario:
the upside breakout of 94920, would call for 96500 and 97440.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 94128 and 95301).
Supports and resistances:
97440 **
96500 *
94920 **
94300
93330 last
91410
90470 **
89540 *
88600 **
Our preference:
the downside prevails as long as 94920 is resistance.
Alternative scenario:
the upside breakout of 94920, would call for 96500 and 97440.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 94128 and 95301).
Supports and resistances:
97440 **
96500 *
94920 **
94300
93330 last
91410
90470 **
89540 *
88600 **
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