Bitcoin Intraday: the downside prevails as long as 101770 is resistance
Dec 12, 2024 8:53 PM
the downside prevails as long as 101770 is resistance.
101770 is our pivot point.
Our preference:
the downside prevails as long as 101770 is resistance.
Alternative scenario:
above 101770, look for 103530 and 104580.
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 100959 and 100983).
Supports and resistances:
104580 **
103530 *
101770 **
101070
99999 last
97510
96460 **
95420 *
94380 **
Our preference:
the downside prevails as long as 101770 is resistance.
Alternative scenario:
above 101770, look for 103530 and 104580.
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 100959 and 100983).
Supports and resistances:
104580 **
103530 *
101770 **
101070
99999 last
97510
96460 **
95420 *
94380 **
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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