Bitcoin Intraday: as long as 70050 is resistance look for 66870
Jun 4, 2024 9:41 AM
as long as 70050 is resistance look for 66870.
Our pivot point stands at 70050.
Our preference: as long as 70050 is resistance look for 66870.
Alternative scenario: above 70050, look for 71260 and 71990.
Comment: the RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price stands above its 20 period moving average (69028) but below its 50 period moving average (69143).
Supports and resistances:
71990 **
71260 *
70050 **
69570
69065 last
67590
66870 **
66140 *
65420 **
Our preference: as long as 70050 is resistance look for 66870.
Alternative scenario: above 70050, look for 71260 and 71990.
Comment: the RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price stands above its 20 period moving average (69028) but below its 50 period moving average (69143).
Supports and resistances:
71990 **
71260 *
70050 **
69570
69065 last
67590
66870 **
66140 *
65420 **
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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