Bitcoin / Dollar intraday: rebound

  • May 19, 2021

Our pivot point stands at 38634.

Our preference: rebound.

Alternative scenario: the downside breakout of 38634 would call for 37605 and 36992.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (38133) but below its 50 period moving average (40214).

Supports and resistances:
42645 **
42030 *
41415 **
40800
39528 last
39039
38634 **
37605 *
36992 **