Bitcoin Intraday: under pressure below 105240
Jan 18, 2025 8:50 PM
under pressure below 105240.
Our pivot point stands at 105240.
Our preference:
under pressure below 105240.
Alternative scenario:
the upside breakout of 105240, would call for 106840 and 107790.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 103830 and 103841).
Supports and resistances:
107790 **
106840 *
105240 **
104610
103683 last
101770
100820 **
99870 *
98920 **
Our preference:
under pressure below 105240.
Alternative scenario:
the upside breakout of 105240, would call for 106840 and 107790.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 103830 and 103841).
Supports and resistances:
107790 **
106840 *
105240 **
104610
103683 last
101770
100820 **
99870 *
98920 **
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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