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Bitcoin / Dollar intraday: the RSI is oversold

2024-03-19
180

Our pivot point stands at 64770.

Our preference: the downside prevails as long as 64770 is resistance.

Alternative scenario: above 64770, look for 65960 and 66670.

Comment: the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 65237 and 66644).

Supports and resistances:

66670 **

65960 *

64770 **

64300

63510 last

62050

61340 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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