Bitcoin Intraday: the downside prevails as long as 106780 is resistance
Dec 18, 2024 3:05 AM
the downside prevails as long as 106780 is resistance.
Our pivot point stands at 106780.
Our preference:
the downside prevails as long as 106780 is resistance.
Alternative scenario:
the upside breakout of 106780, would call for 108640 and 109750.
Comment:
the RSI is below 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 106209 and 106659).
Supports and resistances:
109750 **
108640 *
106780 **
106050
105172 last
102960
101850 **
100740 *
99640 **
Our preference:
the downside prevails as long as 106780 is resistance.
Alternative scenario:
the upside breakout of 106780, would call for 108640 and 109750.
Comment:
the RSI is below 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 106209 and 106659).
Supports and resistances:
109750 **
108640 *
106780 **
106050
105172 last
102960
101850 **
100740 *
99640 **
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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