Bitcoin Intraday: as long as 64710 is support look for 68940
May 17, 2024 2:17 PM
as long as 64710 is support look for 68940.
Our pivot point is at 64710.
Our preference: as long as 64710 is support look for 68940.
Alternative scenario: the downside breakout of 64710 would call for 63300 and 62450.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (66104) but above its 50 period moving average (65683).
Supports and resistances:
70640 **
69790 *
68940 **
68090
66027 last
65270
64710 **
63300 *
62450 **
Our preference: as long as 64710 is support look for 68940.
Alternative scenario: the downside breakout of 64710 would call for 63300 and 62450.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (66104) but above its 50 period moving average (65683).
Supports and resistances:
70640 **
69790 *
68940 **
68090
66027 last
65270
64710 **
63300 *
62450 **
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