(20 JUNE 2018)Bitcoin / Dollar:The downside prevails as long as 6789 is resistance
Analytics & Forecasts

(20 JUNE 2018)Bitcoin / Dollar:The downside prevails as long as 6789 is resistance

20 June 2018, 14:15
Jiming Huang
Jiming Huang
0
74

btc

The downside prevails as long as 6789 is resistance

(By Swissquote TRADING CENTRAL)

Our pivot (invalidation) point is at 6789.

Our preference

The downside prevails as Long as 6789 is resistance.

Alternative scenario

The upside breakout of 6789, would call for 7020 and 7158.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is

negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 6688 and 6705).

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#Bitcoin / Dollar