Bitcoin Technical Analysis : BTC/USD 18 November 2022
18 November 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)
Bitcoin Technical Analysis : BTCUSD
Date : 18 November 2022
Pivot point : 16520
Our preference : as long as 16520 is support look for 17480.
Alternative scenario : the downside breakout of 16520 would call for 16140 and 15920.
Comment : the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 16788 and 16661).
Supports and resistances :
17700 **
17480 *
17260
16808 – Last price
16520
16140 *
15920 **
Warning : This information isn’t a buy-sell signal.
Source : Trading Central
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