Cryptocurrency

Bitcoin Gold / Dollar may fall to 19.33 - 19.63

2024-10-10

Our pivot point stands at 20.89.

Our preference

The downside prevails as long as 20.89 is resistance.

Alternative scenario

The upside breakout of 20.89, would call for 21.41 and 21.71.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 21.31 and 21.35). Finally, the Bitcoin Gold / Dollar is trading below its lower Bollinger band (standing at 20.46).

Supports and resistances

21.71 **

21.41 *

20.89 **

20.68

20.31 last

19.63

19.33 **

19.02 *

18.72 **

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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