Bitcoin Intraday: the downside prevails as long as 68010 is resistance
May 18, 2024 8:02 PM
the downside prevails as long as 68010 is resistance.
Our pivot point stands at 68010.
Our preference: the downside prevails as long as 68010 is resistance.
Alternative scenario: the upside breakout of 68010, would call for 69450 and 70310.
Comment: the RSI is below its neutrality area at 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 66972 and 66957).
Supports and resistances:
70310 **
69450 *
68010 **
67450
66878 last
65130
64280 **
63420 *
62560 **
Our preference: the downside prevails as long as 68010 is resistance.
Alternative scenario: the upside breakout of 68010, would call for 69450 and 70310.
Comment: the RSI is below its neutrality area at 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 66972 and 66957).
Supports and resistances:
70310 **
69450 *
68010 **
67450
66878 last
65130
64280 **
63420 *
62560 **
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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