Bitcoin Intraday: the upside prevails as long as 94920 is support
Nov 29, 2024 5:05 AM
the upside prevails as long as 94920 is support.
94920 is our pivot point.
Our preference:
the upside prevails as long as 94920 is support.
Alternative scenario:
the downside breakout of 94920 would call for 93210 and 92200.
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 95768 and 95495).
Supports and resistances:
101390 **
100370 *
99350 **
98340
96266 last
95590
94920 **
93210 *
92200 **
Our preference:
the upside prevails as long as 94920 is support.
Alternative scenario:
the downside breakout of 94920 would call for 93210 and 92200.
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 95768 and 95495).
Supports and resistances:
101390 **
100370 *
99350 **
98340
96266 last
95590
94920 **
93210 *
92200 **
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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