Bitcoin Technical Analysis : BTC/USD 18 May 2020

18 May 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 18 May 2020

Bitcoin Technical Analysis : BTCUSD

Date : 18 May 2020

Pivot point : 9616

Our preference : the upside prevails as long as 9616 is support.

Alternative scenario : below 9616, expect 9315 and 9136.

Comment : the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 9793 and 9700).

Supports and resistances :

10593 **
10413 *
10234
9856 – Last price
9616
9315 *
9136 **

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Trading Central

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