Bitcoin Intraday: the downside prevails as long as 104050 is resistance
Jan 23, 2025 3:05 AM
the downside prevails as long as 104050 is resistance.
104050 is our pivot point.
Our preference:
the downside prevails as long as 104050 is resistance.
Alternative scenario:
above 104050, look for 105670 and 106630.
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 is trading under both its 20 and 50 period moving average (respectively at 103714 and 104488).
Supports and resistances:
106630 **
105670 *
104050 **
103410
102776 last
100680
99720 **
98750 *
97790 **
Our preference:
the downside prevails as long as 104050 is resistance.
Alternative scenario:
above 104050, look for 105670 and 106630.
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 is trading under both its 20 and 50 period moving average (respectively at 103714 and 104488).
Supports and resistances:
106630 **
105670 *
104050 **
103410
102776 last
100680
99720 **
98750 *
97790 **
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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