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Bitcoin / Dollar intraday: the downside prevails as long as 52300 is resistance
2024-02-20
558
Our pivot point stands at 52300.
Our preference: the downside prevails as long as 52300 is resistance.
Alternative scenario: the upside breakout of 52300, would call for 53130 and 53620.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 51866 and 52082).
Supports and resistances:
53620 **
53130 *
52300 **
51980
51585 last
50440
49960 **
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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