Bitcoin Intraday: the downside prevails as long as 66640 is resistance
May 16, 2024 8:12 PM
the downside prevails as long as 66640 is resistance.
Our pivot point stands at 66640.
Our preference: the downside prevails as long as 66640 is resistance.
Alternative scenario: above 66640, look for 68050 and 68890.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 65705 and 65915).
Supports and resistances:
68890 **
68050 *
66640 **
66080
65214 last
63500
62670 **
61830 *
61000 **
Our preference: the downside prevails as long as 66640 is resistance.
Alternative scenario: above 66640, look for 68050 and 68890.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 65705 and 65915).
Supports and resistances:
68890 **
68050 *
66640 **
66080
65214 last
63500
62670 **
61830 *
61000 **
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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