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Bitcoin / Dollar intraday: under pressure below 34920
2023-10-26
871
Our pivot point stands at 34920.
Our preference: under pressure below 34920.
Alternative scenario: above 34920, look for 35410 and 35690.
Comment: the RSI is below its neutrality area at 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 34647 and 34557).
Supports and resistances:
35690 **
35410 *
34920 **
34740
34529 last
33940
33650 **
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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