Bitcoin Intraday: the upside prevails as long as 65070 is support
May 17, 2024 8:57 AM
the upside prevails as long as 65070 is support.
65070 is our pivot point.
Our preference: the upside prevails as long as 65070 is support.
Alternative scenario: below 65070, expect 63640 and 62790.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 65643 and 65676).
Supports and resistances:
70500 **
69650 *
68800 **
67950
66188 last
65630
65070 **
63640 *
62790 **
Our preference: the upside prevails as long as 65070 is support.
Alternative scenario: below 65070, expect 63640 and 62790.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 65643 and 65676).
Supports and resistances:
70500 **
69650 *
68800 **
67950
66188 last
65630
65070 **
63640 *
62790 **
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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