Bitcoin Intraday: as long as 104220 is support look for 108650
Jan 22, 2025 5:05 AM
as long as 104220 is support look for 108650.
Our pivot point is at 104220.
Our preference:
as long as 104220 is support look for 108650.
Alternative scenario:
the downside breakout of 104220 would call for 102550 and 101570.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (106034) but above its 50 period moving average (104631).
Supports and resistances:
110640 **
109650 *
108650 **
107660
105672 last
104870
104220 **
102550 *
101570 **
Our preference:
as long as 104220 is support look for 108650.
Alternative scenario:
the downside breakout of 104220 would call for 102550 and 101570.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (106034) but above its 50 period moving average (104631).
Supports and resistances:
110640 **
109650 *
108650 **
107660
105672 last
104870
104220 **
102550 *
101570 **
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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