Bitcoin Technical Analysis : BTC/USD 18 May 2021

18 May 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 18 May 2021

Bitcoin Technical Analysis : BTCUSD

Date : 18 May 2021

Pivot point : 44334

Our preference : the upside prevails as long as 44334 is support.

Alternative scenario : the downside breakout of 44334 would call for 43152 and 42449.

Comment : the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 44448 and 44362).

Supports and resistances :

48328 **
47621 *
46914
45371 – Last price
44334
43152 *
42449 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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