Bitcoin Intraday: the downside prevails as long as 75460 is resistance
Nov 7, 2024 2:02 PM
the downside prevails as long as 75460 is resistance.
75460 is our pivot point.
Our preference:
the downside prevails as long as 75460 is resistance.
Alternative scenario:
the upside breakout of 75460, would call for 76410 and 76980.
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 74895 and 75043).
Supports and resistances:
76980 **
76410 *
75460 **
75090
74711 last
73570
73010 **
72440 *
71870 **
Our preference:
the downside prevails as long as 75460 is resistance.
Alternative scenario:
the upside breakout of 75460, would call for 76410 and 76980.
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 74895 and 75043).
Supports and resistances:
76980 **
76410 *
75460 **
75090
74711 last
73570
73010 **
72440 *
71870 **
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