Bitcoin Intraday: as long as 70050 is support look for 73290
Jun 5, 2024 5:41 AM
as long as 70050 is support look for 73290.
Our pivot point stands at 70050.
Our preference: as long as 70050 is support look for 73290.
Alternative scenario: below 70050, expect 68800 and 68050.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 70705 and 69959).
Supports and resistances:
74780 **
74030 *
73290 **
72540
71055 last
70540
70050 **
68800 *
68050 **
Our preference: as long as 70050 is support look for 73290.
Alternative scenario: below 70050, expect 68800 and 68050.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 70705 and 69959).
Supports and resistances:
74780 **
74030 *
73290 **
72540
71055 last
70540
70050 **
68800 *
68050 **
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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