Bitcoin Intraday: the downside prevails as long as 68850 is resistance
May 29, 2024 8:51 AM
the downside prevails as long as 68850 is resistance.
Our pivot point stands at 68850.
Our preference: the downside prevails as long as 68850 is resistance.
Alternative scenario: above 68850, look for 70120 and 70880.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 68423 and 68253).
Supports and resistances:
70880 **
70120 *
68850 **
68350
67815 last
66240
65480 **
64720 *
63970 **
Our preference: the downside prevails as long as 68850 is resistance.
Alternative scenario: above 68850, look for 70120 and 70880.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 68423 and 68253).
Supports and resistances:
70880 **
70120 *
68850 **
68350
67815 last
66240
65480 **
64720 *
63970 **
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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