Bitcoin Intraday: technical rebound towards 70690 before a new drop
May 23, 2024 8:53 AM
technical rebound towards 70690 before a new drop.
Our pivot point stands at 70690.
Our preference: technical rebound towards 70690 before a new drop.
Alternative scenario: above 70690, look for 72040 and 72840.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (69446) but under its 50 period moving average (69664).
Supports and resistances:
72840 **
72040 *
70690 **
70160
69618 last
68010
67210 **
66410 *
65610 **
Our preference: technical rebound towards 70690 before a new drop.
Alternative scenario: above 70690, look for 72040 and 72840.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (69446) but under its 50 period moving average (69664).
Supports and resistances:
72840 **
72040 *
70690 **
70160
69618 last
68010
67210 **
66410 *
65610 **
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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-1705
-192.60%
