Cryptocurrency

Bitcoin Gold / Dollar may rise to 34.48 - 35.10

2024-06-06

Our pivot point is at 32.13.

Our preference

As long as 32.13 is support look for 35.10.

Alternative scenario

The downside breakout of 32.13 would call for 31.09 and 30.48.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (33.18) but above its 50 period moving average (32.23).

Supports and resistances

36.34 **

35.72 *

35.10 **

34.48

33.12 last

32.53

32.13 **

31.09 *

30.48 **

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

Introduction to Tradingtop Site


Return to All Articles