Bitcoin Intraday: the downside prevails as long as 67820 is resistance
May 24, 2024 8:49 AM
the downside prevails as long as 67820 is resistance.
67820 is our pivot point.
Our preference: the downside prevails as long as 67820 is resistance.
Alternative scenario: the upside breakout of 67820, would call for 69110 and 69880.
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 67487 and 68036).
Supports and resistances:
69880 **
69110 *
67820 **
67310
66800 last
65140
64370 **
63600 *
62840 **
Our preference: the downside prevails as long as 67820 is resistance.
Alternative scenario: the upside breakout of 67820, would call for 69110 and 69880.
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 67487 and 68036).
Supports and resistances:
69880 **
69110 *
67820 **
67310
66800 last
65140
64370 **
63600 *
62840 **
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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