Bitcoin Short Term: as long as 105450 is resistance look for 76360
Jan 14, 2025 11:07 AM
as long as 105450 is resistance look for 76360.
105450 is our pivot point.
Our preference:
as long as 105450 is resistance look for 76360.
Alternative scenario:
above 105450, look for 115820 and 121990.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI would call for further downside. Moreover, the price is trading above its 20 period moving average (95593) but under its 50 period moving average (97404).
Supports and resistances:
121990 **
115820 *
105450 **
101380
96571 last
82350
76360 **
70380 *
64400 **
Our preference:
as long as 105450 is resistance look for 76360.
Alternative scenario:
above 105450, look for 115820 and 121990.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI would call for further downside. Moreover, the price is trading above its 20 period moving average (95593) but under its 50 period moving average (97404).
Supports and resistances:
121990 **
115820 *
105450 **
101380
96571 last
82350
76360 **
70380 *
64400 **
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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