Bitcoin Intraday: as long as 101390 is support look for 106020
Dec 5, 2024 2:02 PM
as long as 101390 is support look for 106020.
Our pivot point stands at 101390.
Our preference:
as long as 101390 is support look for 106020.
Alternative scenario:
the downside breakout of 101390 would call for 99610 and 98540.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 102687 and 99837).
Supports and resistances:
108150 **
107080 *
106020 **
104950
102800 last
102100
101390 **
99610 *
98540 **
Our preference:
as long as 101390 is support look for 106020.
Alternative scenario:
the downside breakout of 101390 would call for 99610 and 98540.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 102687 and 99837).
Supports and resistances:
108150 **
107080 *
106020 **
104950
102800 last
102100
101390 **
99610 *
98540 **
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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