Bitcoin Intraday: the downside prevails as long as 102000 is resistance
Dec 19, 2024 3:05 AM
the downside prevails as long as 102000 is resistance.
Our pivot point stands at 102000.
Our preference:
the downside prevails as long as 102000 is resistance.
Alternative scenario:
the upside breakout of 102000, would call for 103770 and 104830.
Comment:
the RSI is below its neutrality area at 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 101482 and 103195).
Supports and resistances:
104830 **
103770 *
102000 **
101300
100427 last
98250
97200 **
96140 *
95080 **
Our preference:
the downside prevails as long as 102000 is resistance.
Alternative scenario:
the upside breakout of 102000, would call for 103770 and 104830.
Comment:
the RSI is below its neutrality area at 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 101482 and 103195).
Supports and resistances:
104830 **
103770 *
102000 **
101300
100427 last
98250
97200 **
96140 *
95080 **
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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