Bitcoin Gold / Dollar may fall to 21.87 - 22.22

Our pivot point is at 23.66.

Our preference

Target 21.87.

Alternative scenario

The upside breakout of 23.66, would call for 24.27 and 24.63.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (23.18) but above its 50 period moving average (22.94).

Supports and resistances

24.63 **

24.27 *

23.66 **

23.43

22.94 last

22.22

21.87 **

21.51 *

21.16 **

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