Bitcoin Intraday: as long as 64830 is support look for 68520
May 16, 2024 7:00 AM
as long as 64830 is support look for 68520.
Our pivot point is at 64830.
Our preference: as long as 64830 is support look for 68520.
Alternative scenario: below 64830, expect 63410 and 62570.
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 below its 20 period moving average (66015) but above its 50 period moving average (64716).
Supports and resistances:
70210 **
69370 *
68520 **
67680
65969 last
65390
64830 **
63410 *
62570 **
Our preference: as long as 64830 is support look for 68520.
Alternative scenario: below 64830, expect 63410 and 62570.
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 below its 20 period moving average (66015) but above its 50 period moving average (64716).
Supports and resistances:
70210 **
69370 *
68520 **
67680
65969 last
65390
64830 **
63410 *
62570 **
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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