BTC/USD Test 26763 Support: Technical Analysis by Sally Ho – May 22, 2023
Bitcoin (BTC/USD) Continues to Trade in Relative Range narrow down already Asian Sessions are reached as pairs 27190.01 previous area decline arrive 26792.54 area, mobile reduce that represents a test of 23.6% retracement of Depreciation range from 29850 arrive 25810. Following the recent selling pressurerelated downside price target include 26308, 26093, 25885and 25604 levels. stop recent Elected as follows this 27145, 27108, 26765, 26729, 26380, 26309and 26203 levels in the most recent depreciation, downside price target related to recent selling pressure surrounding 30500, 30050, 29850, 28334and 27647 levels. related downside price target include 25474, 25442, 25124, 24705, 24440, 23208and 22769 levels.
After recent price activity, technical resistance and potential selling pressure include 28011, 28591, 29171, 29889and 29997 levels. Upside retracement level recently Depreciation range include 28428, 28564, 28700, 28741, 28868, 29243and 29299 field. more than market, Upside Price Target related to recent buying pressure surrounding 27194.51 and 28161.74 Fields include 30420.74, 31237.11and 32556.73 levels. additional Upside Price Target include 31477.37, 32501.23, 32989.19, 34583.96, 34658.69, 35222.66, 37765.28and 38403.97 levels. Traders observed that 50 bar MA (4 hours) yes Pessimistically indicate below this 100 bar MA (4 hours) and the following this 200 bar MA (4 hours). also, 50 bar MA (hourly) yes pessimistically show the following 100-bar MA (hourly) and the following this 200 bar MA (hourly).
Price activity closest to 50 moving average (4 hours) at 26978.21 and 200 bar moving average (hourly) at 26968.11.
technical support Estimated surrounding 25604.51/ 24440.41/ 22769.39 and stop The expectations are as follows.
technical resistance Estimated surrounding 31986.16/ 32989.19/ 34658.69 and stop above expectations.
exist 4 hours chart, Slow K yes Bullish above SlowD although MACD yes Bullish above MACDAverage.
exist 60 minutes chart, Slow K yes Much lower than SlowD although MACD yes Much lower than MACDAverage.
Disclaimer: Sally Ho’s technical analysis is provided by a third party and is for informational purposes only. It does not reflect the views of Crypto Daily and is not intended to be used as legal, tax, investment or financial advice.
