Bitcoin Technical Analysis : BTC/USD 18 May 2022

18 May 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 18 May 2022

Bitcoin Technical Analysis : BTCUSD

Date : 18 May 2022

Pivot point : 30530

Our preference : the downside prevails as long as 30530 is resistance.

Alternative scenario : above 30530, look for 31420 and 31940.

Comment : the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 30199 and 30260).

Supports and resistances :

31940 **
31420 *
30530
29830 – Last price
28770
28250 *
27720 **

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

Source : Trading Central

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