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Bitcoin / Dollar intraday: the downside prevails as long as 52610 is resistance
2024-02-16
849
Our pivot point is at 52610.
Our preference: the downside prevails as long as 52610 is resistance.
Alternative scenario: the upside breakout of 52610, would call for 53450 and 53940.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 52183 and 52102).
Supports and resistances:
53940 **
53450 *
52610 **
52280
51853 last
50790
50300 **
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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