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Bitcoin / Dollar intraday: the downside prevails as long as 42530 is resistance
2024-01-29
888
Our pivot point stands at 42530.
Our preference: the downside prevails as long as 42530 is resistance.
Alternative scenario: the upside breakout of 42530, would call for 43250 and 43680.
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 42142 and 42126).
Supports and resistances:
43680 **
43250 *
42530 **
42250
41963 last
41100
40670 **
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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