Bitcoin Gold / Dollar may fall to 26.40 - 26.93

Our pivot point is at 29.04.

Our preference

The downside prevails as long as 29.04 is resistance.

Alternative scenario

The upside breakout of 29.04, would call for 29.93 and 30.46.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 28.50 and 28.94).

Supports and resistances

30.46 **

29.93 *

29.04 **

28.69

28.12 last

26.93

26.40 **

25.88 *

25.36 **

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