Bitcoin Intraday: the upside prevails as long as 100200 is support
Jan 17, 2025 7:50 AM
the upside prevails as long as 100200 is support.
Our pivot point is at 100200.
Our preference:
the upside prevails as long as 100200 is support.
Alternative scenario:
the downside breakout of 100200 would call for 98640 and 97710.
Comment:
the RSI is above 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 100886 and 99997).
Supports and resistances:
106410 **
105480 *
104540 **
103610
101650 last
100820
100200 **
98640 *
97710 **
Our preference:
the upside prevails as long as 100200 is support.
Alternative scenario:
the downside breakout of 100200 would call for 98640 and 97710.
Comment:
the RSI is above 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 100886 and 99997).
Supports and resistances:
106410 **
105480 *
104540 **
103610
101650 last
100820
100200 **
98640 *
97710 **
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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