Identified : 25 September 2019
Our pivot point stands at : 9451
Our preference : the downside prevails as long as 9451 is resistance.
Alternative scenario : above 9451, look for 10281 and 10775.
Supports and resistances :
8580 – Last
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 10038 and 10315). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (8880).
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Note : This information isn’t a buy-sell signal. Please use this information for your trade guideline.