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Bitcoin / Dollar ST: our next up target stands at 53320
2024-01-30
674
39020 is our pivot point.
Our preference: our next up target stands at 53320.
Alternative scenario: the downside breakout of 39020 would call for 33750 and 30620.
Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 42018 and 42864).
Supports and resistances:
59680 **
56500 *
53320 **
50140
43615 last
41090
39020 **
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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