Bitcoin Intraday: the downside prevails as long as 70860 is resistance
May 22, 2024 1:44 PM
the downside prevails as long as 70860 is resistance.
Our pivot point is at 70860.
Our preference: the downside prevails as long as 70860 is resistance.
Alternative scenario: above 70860, look for 72210 and 73020.
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 69862 and 69935).
Supports and resistances:
73020 **
72210 *
70860 **
70330
69785 last
68080
67280 **
66480 *
65670 **
Our preference: the downside prevails as long as 70860 is resistance.
Alternative scenario: above 70860, look for 72210 and 73020.
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 69862 and 69935).
Supports and resistances:
73020 **
72210 *
70860 **
70330
69785 last
68080
67280 **
66480 *
65670 **
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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