Midday update for bitcoin - Analysis 23rd May, 2019

Ebitcoinics Analytics   23 May, 2019   www.economies.com   Views: 316

Bitcoin price broke 7,628.00 level clearly and closed the last four hours’ candlestick below it, which supports the continuation of our bearish overview in the upcoming sessions, which its next target located at 7,195.00, noting that the EMA50 supports the expectations to decline, while holding below 7,628.00 represents key condition to continue the suggested bearish bias.

 

The expected trading range for today is between 7,200.00 support and 7,900.00 resistance

The expected trend for today: Bearish


NB:


This analysis is for information purposes only and does not constitute a trade signal




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