Date : 19 August 2020
Pivot point : 11908
Our preference : the downside prevails as long as 11908 is resistance.
Alternative scenario : above 11908, look for 12091 and 12201.
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 below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 11964 and 12078). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 11762).
Supports and resistances :
11752 – 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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