18 May 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)
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 :
9856 – Last price
Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.
Source : Trading Central
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