Bitcoin Intraday: as long as 68070 is support look for 71550
May 25, 2024 8:15 PM
as long as 68070 is support look for 71550.
Our pivot point stands at 68070.
Our preference: as long as 68070 is support look for 71550.
Alternative scenario: the downside breakout of 68070 would call for 66730 and 65940.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 69126 and 68919).
Supports and resistances:
73140 **
72340 *
71550 **
70750
69131 last
68600
68070 **
66730 *
65940 **
Our preference: as long as 68070 is support look for 71550.
Alternative scenario: the downside breakout of 68070 would call for 66730 and 65940.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 69126 and 68919).
Supports and resistances:
73140 **
72340 *
71550 **
70750
69131 last
68600
68070 **
66730 *
65940 **
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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