Cryptocurrency

Bitcoin Gold / Dollar may rise to 35.10 - 35.74

2024-05-29

Our pivot point is at 32.20.

Our preference

Rebound towards 35.74.

Alternative scenario

Below 32.20, expect 31.16 and 30.54.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 33.61 and 33.99).

Supports and resistances

37.00 **

36.37 *

35.74 **

35.10

33.51 last

32.60

32.20 **

31.16 *

30.54 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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