Bitcoin Intraday: the upside prevails as long as 65820 is support
May 20, 2024 7:14 AM
the upside prevails as long as 65820 is support.
Our pivot point stands at 65820.
Our preference: the upside prevails as long as 65820 is support.
Alternative scenario: below 65820, expect 64380 and 63520.
Comment: the RSI is above 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 66586 and 66767).
Supports and resistances:
71360 **
70500 *
69640 **
68780
66976 last
66390
65820 **
64380 *
63520 **
Our preference: the upside prevails as long as 65820 is support.
Alternative scenario: below 65820, expect 64380 and 63520.
Comment: the RSI is above 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 66586 and 66767).
Supports and resistances:
71360 **
70500 *
69640 **
68780
66976 last
66390
65820 **
64380 *
63520 **
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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