Bitcoin Intraday: the upside prevails as long as 105690 is support
Dec 17, 2024 9:45 AM
the upside prevails as long as 105690 is support.
105690 is our pivot point.
Our preference:
the upside prevails as long as 105690 is support.
Alternative scenario:
below 105690, expect 103810 and 102690.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 106678 and 106009).
Supports and resistances:
113030 **
111900 *
110780 **
109660
107409 last
106430
105690 **
103810 *
102690 **
Our preference:
the upside prevails as long as 105690 is support.
Alternative scenario:
below 105690, expect 103810 and 102690.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 106678 and 106009).
Supports and resistances:
113030 **
111900 *
110780 **
109660
107409 last
106430
105690 **
103810 *
102690 **
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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