Bitcoin Intraday: the downside prevails as long as 67380 is resistance
May 20, 2024 12:29 AM
the downside prevails as long as 67380 is resistance.
Our pivot point stands at 67380.
Our preference: the downside prevails as long as 67380 is resistance.
Alternative scenario: the upside breakout of 67380, would call for 68810 and 69660.
Comment: the RSI is below its neutrality area at 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 66484 and 66845).
Supports and resistances:
69660 **
68810 *
67380 **
66820
66252 last
64550
63700 **
62850 *
62000 **
Our preference: the downside prevails as long as 67380 is resistance.
Alternative scenario: the upside breakout of 67380, would call for 68810 and 69660.
Comment: the RSI is below its neutrality area at 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 66484 and 66845).
Supports and resistances:
69660 **
68810 *
67380 **
66820
66252 last
64550
63700 **
62850 *
62000 **
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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