Bitcoin Gold / Dollar may fall to 19.97 - 20.29

Our pivot point is at 21.42.

Our preference

As long as 21.42 is resistance look for 19.97.

Alternative scenario

Above 21.42, look for 21.95 and 22.27.

Comment

The RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI would call for further downside. Moreover, the price stands above its 20 period moving average (20.40) but below its 50 period moving average (21.04).

Supports and resistances

22.27 **

21.95 *

21.42 **

21.21

20.94 last

20.29

19.97 **

19.66 *

19.34 **

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