Bitcoin Intraday: the upside prevails as long as 66740 is support
May 30, 2024 7:08 AM
the upside prevails as long as 66740 is support.
66740 is our pivot point.
Our preference: the upside prevails as long as 66740 is support.
Alternative scenario: the downside breakout of 66740 would call for 65470 and 64710.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 67800 and 67737).
Supports and resistances:
71720 **
70960 *
70200 **
69440
67921 last
67240
66740 **
65470 *
64710 **
Our preference: the upside prevails as long as 66740 is support.
Alternative scenario: the downside breakout of 66740 would call for 65470 and 64710.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 67800 and 67737).
Supports and resistances:
71720 **
70960 *
70200 **
69440
67921 last
67240
66740 **
65470 *
64710 **
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