Bitcoin Intraday: the upside prevails as long as 103350 is support
Jan 24, 2025 7:50 AM
the upside prevails as long as 103350 is support.
Our pivot point is at 103350.
Our preference:
the upside prevails as long as 103350 is support.
Alternative scenario:
the downside breakout of 103350 would call for 101710 and 100730.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 104101 and 103689).
Supports and resistances:
109910 **
108930 *
107950 **
106960
104873 last
104000
103350 **
101710 *
100730 **
Our preference:
the upside prevails as long as 103350 is support.
Alternative scenario:
the downside breakout of 103350 would call for 101710 and 100730.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 104101 and 103689).
Supports and resistances:
109910 **
108930 *
107950 **
106960
104873 last
104000
103350 **
101710 *
100730 **
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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