Identified : 29 August 2019
Our pivot point stands at : 9461
Our preference : rebound towards 9864.
Alternative scenario : below 9461, expect 9331 and 9254.
Supports and resistances :
9589 – 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 above its signal line. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 9688 and 9971). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (9614).
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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