Bitcoin Intraday: as long as 104270 is support look for 108710
Jan 22, 2025 3:05 AM
as long as 104270 is support look for 108710.
Our pivot point stands at 104270.
Our preference:
as long as 104270 is support look for 108710.
Alternative scenario:
the downside breakout of 104270 would call for 102610 and 101620.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (106212) but above its 50 period moving average (104391).
Supports and resistances:
110690 **
109700 *
108710 **
107720
105671 last
104930
104270 **
102610 *
101620 **
Our preference:
as long as 104270 is support look for 108710.
Alternative scenario:
the downside breakout of 104270 would call for 102610 and 101620.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (106212) but above its 50 period moving average (104391).
Supports and resistances:
110690 **
109700 *
108710 **
107720
105671 last
104930
104270 **
102610 *
101620 **
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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