Bitcoin Intraday: the downside prevails as long as 69550 is resistance
May 27, 2024 12:15 AM
the downside prevails as long as 69550 is resistance.
69550 is our pivot point.
Our preference: the downside prevails as long as 69550 is resistance.
Alternative scenario: the upside breakout of 69550, would call for 70880 and 71670.
Comment: the RSI is below 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 68726 and 68935).
Supports and resistances:
71670 **
70880 *
69550 **
69030
68509 last
66870
66080 **
65290 *
64500 **
Our preference: the downside prevails as long as 69550 is resistance.
Alternative scenario: the upside breakout of 69550, would call for 70880 and 71670.
Comment: the RSI is below 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 68726 and 68935).
Supports and resistances:
71670 **
70880 *
69550 **
69030
68509 last
66870
66080 **
65290 *
64500 **
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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