Bitcoin Intraday: as long as 74270 is support look for 76840
Nov 7, 2024 9:46 AM
as long as 74270 is support look for 76840.
Our pivot point stands at 74270.
Our preference:
as long as 74270 is support look for 76840.
Alternative scenario:
the downside breakout of 74270 would call for 73310 and 72740.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (75082) but above its 50 period moving average (74893).
Supports and resistances:
77980 **
77410 *
76840 **
76270
75025 last
74650
74270 **
73310 *
72740 **
Our preference:
as long as 74270 is support look for 76840.
Alternative scenario:
the downside breakout of 74270 would call for 73310 and 72740.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (75082) but above its 50 period moving average (74893).
Supports and resistances:
77980 **
77410 *
76840 **
76270
75025 last
74650
74270 **
73310 *
72740 **
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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