Bitcoin Intraday: the downside prevails as long as 103840 is resistance
May 19, 2025 1:02 PM
the downside prevails as long as 103840 is resistance.
Our pivot point is at 103840.
Our preference:
the downside prevails as long as 103840 is resistance.
Alternative scenario:
the upside breakout of 103840, would call for 105670 and 106750.
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 stands below its 20 and 50 period moving average (respectively at 102950 and 104151).
Supports and resistances:
106750 **
105670 *
103840 **
103130
102410 last
100240
99150 **
98060 *
96980 **
Our preference:
the downside prevails as long as 103840 is resistance.
Alternative scenario:
the upside breakout of 103840, would call for 105670 and 106750.
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 stands below its 20 and 50 period moving average (respectively at 102950 and 104151).
Supports and resistances:
106750 **
105670 *
103840 **
103130
102410 last
100240
99150 **
98060 *
96980 **
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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