Bitcoin Gold / Dollar may fall to 24.40 - 24.88

Our pivot point stands at 26.49.

Our preference

Target 24.40.

Alternative scenario

Above 26.49, look for 27.30 and 27.78.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (26.47) but above its 50 period moving average (25.71).

Supports and resistances

27.78 **

27.30 *

26.49 **

26.17

25.85 last

24.88

24.40 **

23.92 *

23.44 **

Number of asterisks represents the strength of support and resistance levels.