Bitcoin Intraday: as long as 60320 is support look for 63740
May 13, 2024 2:23 AM
as long as 60320 is support look for 63740.
Our pivot point is at 60320.
Our preference: as long as 60320 is support look for 63740.
Alternative scenario: the downside breakout of 60320 would call for 58990 and 58200.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (61384) but above its 50 period moving average (61189).
Supports and resistances:
65320 **
64530 *
63740 **
62950
61374 last
60840
60320 **
58990 *
58200 **
Our preference: as long as 60320 is support look for 63740.
Alternative scenario: the downside breakout of 60320 would call for 58990 and 58200.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (61384) but above its 50 period moving average (61189).
Supports and resistances:
65320 **
64530 *
63740 **
62950
61374 last
60840
60320 **
58990 *
58200 **
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