Bitcoin Intraday: the downside prevails as long as 69550 is resistance
May 27, 2024 7:14 AM
the downside prevails as long as 69550 is resistance.
Our pivot point is at 69550.
Our preference: the downside prevails as long as 69550 is resistance.
Alternative scenario: above 69550, look for 70880 and 71670.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 68673 and 68858).
Supports and resistances:
71670 **
70880 *
69550 **
69030
68380 last
66800
66010 **
65220 *
64430 **
Our preference: the downside prevails as long as 69550 is resistance.
Alternative scenario: above 69550, look for 70880 and 71670.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 68673 and 68858).
Supports and resistances:
71670 **
70880 *
69550 **
69030
68380 last
66800
66010 **
65220 *
64430 **
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.
Related Instruments
Bitcoin
86105.45
-2423.520000000004
-273.80%
