Bitcoin Intraday: the downside prevails as long as 68440 is resistance
May 30, 2024 8:53 AM
the downside prevails as long as 68440 is resistance.
Our pivot point is at 68440.
Our preference: the downside prevails as long as 68440 is resistance.
Alternative scenario: above 68440, look for 69700 and 70460.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 67778 and 67677).
Supports and resistances:
70460 **
69700 *
68440 **
67940
67435 last
65830
65080 **
64330 *
63570 **
Our preference: the downside prevails as long as 68440 is resistance.
Alternative scenario: above 68440, look for 69700 and 70460.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 67778 and 67677).
Supports and resistances:
70460 **
69700 *
68440 **
67940
67435 last
65830
65080 **
64330 *
63570 **
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