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Bitcoin / Dollar intraday: the downside prevails as long as 52590 is resistance
2024-02-20
361
Our pivot point is at 52590.
Our preference: the downside prevails as long as 52590 is resistance.
Alternative scenario: above 52590, look for 53430 and 53920.
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 52106 and 52136).
Supports and resistances:
53920 **
53430 *
52590 **
52260
51906 last
50910
50410 **
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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