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Bitcoin / Dollar intraday: the upside prevails as long as 27280 is support
2023-10-05
1291
Our pivot point is at 27280.
Our preference: the upside prevails as long as 27280 is support.
Alternative scenario: the downside breakout of 27280 would call for 26950 and 26750.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 27528 and 27457).
Supports and resistances:
28750 **
28560 *
28360 **
28160
27652 last
27410
27280 **
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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