Bitcoin Intraday: as long as 69860 is resistance look for 66440
May 27, 2024 4:59 AM
as long as 69860 is resistance look for 66440.
69860 is our pivot point.
Our preference: as long as 69860 is resistance look for 66440.
Alternative scenario: the upside breakout of 69860, would call for 71190 and 71980.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price stands above its 20 period moving average (68744) but below its 50 period moving average (68904).
Supports and resistances:
71980 **
71190 *
69860 **
69340
68814 last
67230
66440 **
65640 *
64850 **
Our preference: as long as 69860 is resistance look for 66440.
Alternative scenario: the upside breakout of 69860, would call for 71190 and 71980.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price stands above its 20 period moving average (68744) but below its 50 period moving average (68904).
Supports and resistances:
71980 **
71190 *
69860 **
69340
68814 last
67230
66440 **
65640 *
64850 **
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