BTC/USD fares better after testing 26351: Sally Ho’s technical analysis – May 20, 2023
Bitcoin (BTC/USD) failed maintain recent income already Asian Conversation continues as pair track this 27000 post-trade area low as Level 26351represent a test of downside price target related selling pressure That strengthen surrounding 28334.75 level. Upward progress recently failed 27516.58 levelrepresent a test another downside retracement level link to recent selling pressure surrounding 29850 area.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 downside price target related to recent Depreciation range and level include 26085, 25604and 24103 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 more than this 200 bar MA (hourly).
Price activity closest to 50 moving average (4 hours) at 27013.81 and 200 bar moving average (hourly) at 27028.73.
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 Much lower than MACDAverage.
exist 60 minutes chart, Slow K yes Bullish above SlowD although MACD yes Bullish above 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.