Bitcoin Intraday: our next up target stands at 63860
May 13, 2024 6:50 AM
our next up target stands at 63860.
Our pivot point stands at 60140.
Our preference: our next up target stands at 63860.
Alternative scenario: the downside breakout of 60140 would call for 58820 and 58030.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 61209 and 61203).
Supports and resistances:
65440 **
64650 *
63860 **
63070
61469 last
60660
60140 **
58820 *
58030 **
Our preference: our next up target stands at 63860.
Alternative scenario: the downside breakout of 60140 would call for 58820 and 58030.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 61209 and 61203).
Supports and resistances:
65440 **
64650 *
63860 **
63070
61469 last
60660
60140 **
58820 *
58030 **
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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