Cryptocurrency

Bitcoin / South Korean won may rise to 84193100 - 85064800

2024-08-23

Our pivot point stands at 81280100.

Our preference

As long as 81280100 is support look for 85064800.

Alternative scenario

Below 81280100, expect 79816000 and 78944600.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 82344232 and 81998916).

Supports and resistances

86808100 **

85936400 *

85064800 **

84193100

82449776 last

81855300

81280100 **

79816000 *

78944600 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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