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Bitcoin / Dollar intraday: target 42340
2023-12-26
218
Our pivot point is at 44020.
Our preference: target 42340.
Alternative scenario: the upside breakout of 44020, would call for 44660 and 45040.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (43517) but above its 50 period moving average (43386).
Supports and resistances:
45040 **
44660 *
44020 **
43760
43481 last
42720
42340 **
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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