Bitcoin Intraday: as long as 70120 is support look for 73830
May 21, 2024 7:11 AM
as long as 70120 is support look for 73830.
Our pivot point is at 70120.
Our preference: as long as 70120 is support look for 73830.
Alternative scenario: the downside breakout of 70120 would call for 68740 and 67920.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 70841 and 68891).
Supports and resistances:
75480 **
74660 *
73830 **
73010
71201 last
70660
70120 **
68740 *
67920 **
Our preference: as long as 70120 is support look for 73830.
Alternative scenario: the downside breakout of 70120 would call for 68740 and 67920.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 70841 and 68891).
Supports and resistances:
75480 **
74660 *
73830 **
73010
71201 last
70660
70120 **
68740 *
67920 **
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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