Bitcoin Intraday: the downside prevails as long as 98950 is resistance
Dec 6, 2024 1:05 AM
the downside prevails as long as 98950 is resistance.
Our pivot point stands at 98950.
Our preference:
the downside prevails as long as 98950 is resistance.
Alternative scenario:
above 98950, look for 100650 and 101660.
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 stands below its 20 and 50 period moving average (respectively at 99046 and 100894).
Supports and resistances:
101660 **
100650 *
98950 **
98290
97400 last
95380
94370 **
93370 *
92360 **
Our preference:
the downside prevails as long as 98950 is resistance.
Alternative scenario:
above 98950, look for 100650 and 101660.
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 stands below its 20 and 50 period moving average (respectively at 99046 and 100894).
Supports and resistances:
101660 **
100650 *
98950 **
98290
97400 last
95380
94370 **
93370 *
92360 **
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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