Bitcoin Intraday: the upside prevails as long as 103560 is support
Jan 19, 2025 7:50 AM
the upside prevails as long as 103560 is support.
Our pivot point is at 103560.
Our preference:
the upside prevails as long as 103560 is support.
Alternative scenario:
below 103560, expect 101950 and 100990.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 104644 and 104039).
Supports and resistances:
109870 **
108910 *
107940 **
106980
104840 last
104190
103560 **
101950 *
100990 **
Our preference:
the upside prevails as long as 103560 is support.
Alternative scenario:
below 103560, expect 101950 and 100990.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 104644 and 104039).
Supports and resistances:
109870 **
108910 *
107940 **
106980
104840 last
104190
103560 **
101950 *
100990 **
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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