Bitcoin Gold / Dollar may rise to 23.80 - 24.14

22.13 is our pivot point.

Our preference

Look for a drop towards 22.13 before a bounce.

Alternative scenario

The downside breakout of 22.13 would call for 21.56 and 21.22.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 21.75 and 21.50).

Supports and resistances

24.84 **

24.49 *

24.14 **

23.80

22.71 last

22.36

22.13 **

21.56 *

21.22 **

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