Bitcoin Intraday: the downside prevails as long as 105660 is resistance
Dec 18, 2024 7:50 AM
the downside prevails as long as 105660 is resistance.
105660 is our pivot point.
Our preference:
the downside prevails as long as 105660 is resistance.
Alternative scenario:
the upside breakout of 105660, would call for 107510 and 108600.
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 is trading under both its 20 and 50 period moving average (respectively at 105002 and 106196).
Supports and resistances:
108600 **
107510 *
105660 **
104940
104214 last
101810
100720 **
99620 *
98530 **
Our preference:
the downside prevails as long as 105660 is resistance.
Alternative scenario:
the upside breakout of 105660, would call for 107510 and 108600.
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 is trading under both its 20 and 50 period moving average (respectively at 105002 and 106196).
Supports and resistances:
108600 **
107510 *
105660 **
104940
104214 last
101810
100720 **
99620 *
98530 **
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.
Related Instruments
Bitcoin
115219.960
-130.030
-0.11%
