Bitcoin Intraday: the upside prevails as long as 69820 is support
May 21, 2024 2:47 AM
the upside prevails as long as 69820 is support.
Our pivot point stands at 69820.
Our preference: the upside prevails as long as 69820 is support.
Alternative scenario: the downside breakout of 69820 would call for 68450 and 67630.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 69851 and 68108).
Supports and resistances:
75180 **
74360 *
73540 **
72720
70900 last
70360
69820 **
68450 *
67630 **
Our preference: the upside prevails as long as 69820 is support.
Alternative scenario: the downside breakout of 69820 would call for 68450 and 67630.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 69851 and 68108).
Supports and resistances:
75180 **
74360 *
73540 **
72720
70900 last
70360
69820 **
68450 *
67630 **
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