Bitcoin Intraday: as long as 64800 is support look for 68450
May 16, 2024 4:59 AM
as long as 64800 is support look for 68450.
Our pivot point stands at 64800.
Our preference: as long as 64800 is support look for 68450.
Alternative scenario: the downside breakout of 64800 would call for 63380 and 62540.
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 (66047) but above its 50 period moving average (64397).
Supports and resistances:
70140 **
69300 *
68450 **
67610
65918 last
65360
64800 **
63380 *
62540 **
Our preference: as long as 64800 is support look for 68450.
Alternative scenario: the downside breakout of 64800 would call for 63380 and 62540.
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 (66047) but above its 50 period moving average (64397).
Supports and resistances:
70140 **
69300 *
68450 **
67610
65918 last
65360
64800 **
63380 *
62540 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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