Bitcoin Intraday: the downside prevails as long as 70250 is resistance
May 23, 2024 12:23 AM
the downside prevails as long as 70250 is resistance.
Our pivot point stands at 70250.
Our preference: the downside prevails as long as 70250 is resistance.
Alternative scenario: above 70250, look for 71590 and 72390.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 69654 and 69814).
Supports and resistances:
72390 **
71590 *
70250 **
69730
69200 last
67550
66750 **
65960 *
65160 **
Our preference: the downside prevails as long as 70250 is resistance.
Alternative scenario: above 70250, look for 71590 and 72390.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 69654 and 69814).
Supports and resistances:
72390 **
71590 *
70250 **
69730
69200 last
67550
66750 **
65960 *
65160 **
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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