Date : 14 July 2020
Pivot point : 9305
Our preference : the downside prevails as long as 9305 is resistance.
Alternative scenario : the upside breakout of 9305, would call for 9455 and 9545.
Comment : the RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 9221 and 9262). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (9179).
Supports and resistances :
9175 – Last price
Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.
Source : Trading Central
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