Bitcoin Intraday: the downside prevails as long as 99680 is resistance
Dec 26, 2024 5:05 AM
the downside prevails as long as 99680 is resistance.
Our pivot point is at 99680.
Our preference:
the downside prevails as long as 99680 is resistance.
Alternative scenario:
above 99680, look for 101500 and 102590.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 98811 and 98499).
Supports and resistances:
102590 **
101500 *
99680 **
98960
98248 last
96060
94980 **
93890 *
92810 **
Our preference:
the downside prevails as long as 99680 is resistance.
Alternative scenario:
above 99680, look for 101500 and 102590.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 98811 and 98499).
Supports and resistances:
102590 **
101500 *
99680 **
98960
98248 last
96060
94980 **
93890 *
92810 **
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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