Bitcoin Intraday: rebound
May 22, 2024 12:29 AM
rebound.
Our pivot point stands at 69080.
Our preference: rebound.
Alternative scenario: the downside breakout of 69080 would call for 67720 and 66910.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (69856) but below its 50 period moving average (70578).
Supports and resistances:
74220 **
73410 *
72610 **
71800
70176 last
69610
69080 **
67720 *
66910 **
Our preference: rebound.
Alternative scenario: the downside breakout of 69080 would call for 67720 and 66910.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (69856) but below its 50 period moving average (70578).
Supports and resistances:
74220 **
73410 *
72610 **
71800
70176 last
69610
69080 **
67720 *
66910 **
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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Bitcoin
90346.92
162.8399999999965
+18.10%
