Bitcoin Intraday: the downside prevails as long as 105520 is resistance
Jan 31, 2025 9:42 AM
the downside prevails as long as 105520 is resistance.
Our pivot point is at 105520.
Our preference:
the downside prevails as long as 105520 is resistance.
Alternative scenario:
above 105520, look for 107090 and 108030.
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 104387 and 104912).
Supports and resistances:
108030 **
107090 *
105520 **
104900
104195 last
102320
101390 **
100450 *
99520 **
Our preference:
the downside prevails as long as 105520 is resistance.
Alternative scenario:
above 105520, look for 107090 and 108030.
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 104387 and 104912).
Supports and resistances:
108030 **
107090 *
105520 **
104900
104195 last
102320
101390 **
100450 *
99520 **
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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