Bitcoin Intraday: the upside prevails as long as 93490 is support
Nov 21, 2024 1:05 AM
the upside prevails as long as 93490 is support.
93490 is our pivot point.
Our preference:
the upside prevails as long as 93490 is support.
Alternative scenario:
the downside breakout of 93490 would call for 91890 and 90940.
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 trading above both its 20 and 50 period moving average (respectively at 94248 and 93528).
Supports and resistances:
99600 **
98650 *
97700 **
96750
94752 last
94110
93490 **
91890 *
90940 **
Our preference:
the upside prevails as long as 93490 is support.
Alternative scenario:
the downside breakout of 93490 would call for 91890 and 90940.
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 trading above both its 20 and 50 period moving average (respectively at 94248 and 93528).
Supports and resistances:
99600 **
98650 *
97700 **
96750
94752 last
94110
93490 **
91890 *
90940 **
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