Bitcoin Intraday: the downside prevails as long as 100240 is resistance
Jan 16, 2025 2:02 PM
the downside prevails as long as 100240 is resistance.
Our pivot point is at 100240.
Our preference:
the downside prevails as long as 100240 is resistance.
Alternative scenario:
above 100240, look for 101770 and 102670.
Comment:
the RSI is below 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 99295 and 99457).
Supports and resistances:
102670 **
101770 *
100240 **
99640
99045 last
97230
96320 **
95420 *
94510 **
Our preference:
the downside prevails as long as 100240 is resistance.
Alternative scenario:
above 100240, look for 101770 and 102670.
Comment:
the RSI is below 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 99295 and 99457).
Supports and resistances:
102670 **
101770 *
100240 **
99640
99045 last
97230
96320 **
95420 *
94510 **
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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