Mid Day BTC USD - Bitcoin Analysis for 21ST May, 2018

Ebitcoinics Analytics   21 May, 2018   www.economies.com   Views: 382

BTC/USD Analysis for 21ST


Details

Bitcoin price -and cryptocurrencies in general- did not show any strong move since morning, to keep the price stable around the EMA50, thus, the bearish trend scenario will remain suggested in the upcoming period unless breaching 8,643.35 level and holding above it, noting that stochastic negativity supports the expected decline that its next targets located at 8,000.00 followed by 7,000.00.

 

Expected trading range for today is between 7,800.00 support and 9,000.00 resistance

Expected trend for today: Bearish


NB

This analysis is for information purposes only and does not amount to a trade signal.


Thank you



All Comments (0)

No comment yet

Please login to leave a comment. Click here to Login.