Bitcoin Intraday: the downside prevails as long as 68640 is resistance
May 23, 2024 8:20 PM
the downside prevails as long as 68640 is resistance.
Our pivot point stands at 68640.
Our preference: the downside prevails as long as 68640 is resistance.
Alternative scenario: above 68640, look for 69950 and 70720.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 68391 and 69028).
Supports and resistances:
70720 **
69950 *
68640 **
68120
67288 last
65740
64960 **
64190 *
63410 **
Our preference: the downside prevails as long as 68640 is resistance.
Alternative scenario: above 68640, look for 69950 and 70720.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 68391 and 69028).
Supports and resistances:
70720 **
69950 *
68640 **
68120
67288 last
65740
64960 **
64190 *
63410 **
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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