Bitcoin Intraday: the upside prevails as long as 62920 is support
Oct 1, 2024 8:41 AM
the upside prevails as long as 62920 is support.
Our pivot point stands at 62920.
Our preference:
the upside prevails as long as 62920 is support.
Alternative scenario:
below 62920, expect 61660 and 60910.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 63651 and 63688).
Supports and resistances:
67740 **
66990 *
66230 **
65480
63915 last
63420
62920 **
61660 *
60910 **
Our preference:
the upside prevails as long as 62920 is support.
Alternative scenario:
below 62920, expect 61660 and 60910.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 63651 and 63688).
Supports and resistances:
67740 **
66990 *
66230 **
65480
63915 last
63420
62920 **
61660 *
60910 **
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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