Bitcoin Intraday: as long as 60290 is support look for 63760
May 12, 2024 8:26 PM
as long as 60290 is support look for 63760.
Our pivot point stands at 60290.
Our preference: as long as 60290 is support look for 63760.
Alternative scenario: the downside breakout of 60290 would call for 58960 and 58170.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 61295 and 61085).
Supports and resistances:
65340 **
64550 *
63760 **
62970
61382 last
60810
60290 **
58960 *
58170 **
Our preference: as long as 60290 is support look for 63760.
Alternative scenario: the downside breakout of 60290 would call for 58960 and 58170.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 61295 and 61085).
Supports and resistances:
65340 **
64550 *
63760 **
62970
61382 last
60810
60290 **
58960 *
58170 **
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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