Bitcoin Intraday: the downside prevails as long as 63090 is resistance
May 14, 2024 8:11 AM
the downside prevails as long as 63090 is resistance.
Our pivot point is at 63090.
Our preference: the downside prevails as long as 63090 is resistance.
Alternative scenario: the upside breakout of 63090, would call for 64430 and 65230.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 62623 and 62676).
Supports and resistances:
65230 **
64430 *
63090 **
62570
61968 last
60020
59230 **
58440 *
57650 **
Our preference: the downside prevails as long as 63090 is resistance.
Alternative scenario: the upside breakout of 63090, would call for 64430 and 65230.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 62623 and 62676).
Supports and resistances:
65230 **
64430 *
63090 **
62570
61968 last
60020
59230 **
58440 *
57650 **
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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