Bitcoin Short Term: the upside prevails as long as 62270 is support
May 28, 2024 12:29 AM
the upside prevails as long as 62270 is support.
Our pivot point stands at 62270.
Our preference: the upside prevails as long as 62270 is support.
Alternative scenario: the downside breakout of 62270 would call for 53250 and 47880.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 66297 and 65005).
Supports and resistances:
96230 **
90860 *
85490 **
80120
69362 last
65820
62270 **
53250 *
47880 **
Our preference: the upside prevails as long as 62270 is support.
Alternative scenario: the downside breakout of 62270 would call for 53250 and 47880.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 66297 and 65005).
Supports and resistances:
96230 **
90860 *
85490 **
80120
69362 last
65820
62270 **
53250 *
47880 **
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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