Bitcoin Intraday: our next up target stands at 71440
May 27, 2024 2:15 AM
our next up target stands at 71440.
Our pivot point is at 67950.
Our preference: our next up target stands at 71440.
Alternative scenario: below 67950, expect 66620 and 65820.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 68705 and 68910).
Supports and resistances:
73030 **
72240 *
71440 **
70650
69008 last
68480
67950 **
66620 *
65820 **
Our preference: our next up target stands at 71440.
Alternative scenario: below 67950, expect 66620 and 65820.
Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 68705 and 68910).
Supports and resistances:
73030 **
72240 *
71440 **
70650
69008 last
68480
67950 **
66620 *
65820 **
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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