Bitcoin Intraday: the downside prevails as long as 107780 is resistance
Dec 18, 2024 1:05 AM
the downside prevails as long as 107780 is resistance.
Our pivot point is at 107780.
Our preference:
the downside prevails as long as 107780 is resistance.
Alternative scenario:
the upside breakout of 107780, would call for 109660 and 110780.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 106519 and 106729).
Supports and resistances:
110780 **
109660 *
107780 **
107040
106306 last
103900
102780 **
101660 *
100550 **
Our preference:
the downside prevails as long as 107780 is resistance.
Alternative scenario:
the upside breakout of 107780, would call for 109660 and 110780.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 106519 and 106729).
Supports and resistances:
110780 **
109660 *
107780 **
107040
106306 last
103900
102780 **
101660 *
100550 **
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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