Bitcoin Intraday: the downside prevails as long as 62080 is resistance
May 13, 2024 4:59 AM
the downside prevails as long as 62080 is resistance.
Our pivot point stands at 62080.
Our preference: the downside prevails as long as 62080 is resistance.
Alternative scenario: above 62080, look for 63400 and 64180.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 61260 and 61197).
Supports and resistances:
64180 **
63400 *
62080 **
61560
61022 last
59430
58640 **
57860 *
57070 **
Our preference: the downside prevails as long as 62080 is resistance.
Alternative scenario: above 62080, look for 63400 and 64180.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 61260 and 61197).
Supports and resistances:
64180 **
63400 *
62080 **
61560
61022 last
59430
58640 **
57860 *
57070 **
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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