Bitcoin Intraday: the downside prevails as long as 68810 is resistance
May 29, 2024 1:56 PM
the downside prevails as long as 68810 is resistance.
Our pivot point stands at 68810.
Our preference: the downside prevails as long as 68810 is resistance.
Alternative scenario: the upside breakout of 68810, would call for 70080 and 70840.
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 68073 and 68160).
Supports and resistances:
70840 **
70080 *
68810 **
68310
67765 last
66210
65450 **
64690 *
63940 **
Our preference: the downside prevails as long as 68810 is resistance.
Alternative scenario: the upside breakout of 68810, would call for 70080 and 70840.
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 68073 and 68160).
Supports and resistances:
70840 **
70080 *
68810 **
68310
67765 last
66210
65450 **
64690 *
63940 **
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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