(28 JUNE 2018)Bitcoin / Dollar:Below its lower Bollinger band
Analytics & Forecasts

(28 JUNE 2018)Bitcoin / Dollar:Below its lower Bollinger band

28 June 2018, 10:26
Jiming Huang
Jiming Huang
0
69

btc

Below its lower Bollinger band

(By Swissquote TRADING CENTRAL)

Our pivot (invalidation) point is at 6246.

Our preference

under pressure below 6246.

Alternative scenario

The upside breakout of 6246, would call for 6416 and 6518.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The

MACD must penetrate its zero line to expect further downside. Moreover, the pair stands

below its 20 and 50 MAs (respectively at 6126 and 6102). Finally, the Bitcoin / Dollar is

trading below its lower Bollinger band (standing at 6102).

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#Bitcoin / Dollar