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Bitcoin / Dollar intraday: the downside prevails as long as 52620 is resistance
2024-02-17
142
Our pivot point is at 52620.
Our preference: the downside prevails as long as 52620 is resistance.
Alternative scenario: the upside breakout of 52620, would call for 53460 and 53960.
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 is trading under both its 20 and 50 period moving average (respectively at 51997 and 52015).
Supports and resistances:
53960 **
53460 *
52620 **
52300
51965 last
50970
50470 **
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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