Crypto Review - 21 May 2024

Here are our directional views. These are starting points for your own research to identify opportunities that make sense for you.

Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.

The information below are meant for educational purposes and must not be taken as any investment advice or an investment recommendation, or solicitation for any transactions.

Bitcoin / Dollar intraday: as long as 69850 is support look for 73450

Our pivot point is at 69850.

Our preference:
As long as 69850 is support look for 73450.

Alternative scenario:
Below 69850, expect 68480 and 67660.

Comment:
The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (71123) but above its 50 period moving average (69228).

Bitcoin Cash / Dollar intraday: as long as 506.2 is support look for 549.4

Our pivot point stands at 506.2.

Our preference:
As long as 506.2 is support look for 549.4.

Alternative scenario:
Below 506.2, expect 490.0 and 480.3.

Comment:
The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 517.9 and 501.8).

DASH / Dollar intraday: as long as 30.3 is support look for 32.4

Our pivot point stands at 30.3.

Our preference:
As long as 30.3 is support look for 32.4.

Alternative scenario:
The downside breakout of 30.3 would call for 29.5 and 29.

Comment:
The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (31) but above its 50 period moving average (30.2).

EOS / Dollar intraday: as long as 0.8431 is support look for 0.9128

Our pivot point stands at 0.8431.

Our preference:
As long as 0.8431 is support look for 0.9128.

Alternative scenario:
Below 0.8431, expect 0.8160 and 0.7998.

Comment:
The RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8539 and 0.8260).

Ether / Dollar intraday: as long as 3579 is support look for 3826

Our pivot point is at 3579

Our preference:
As long as 3579 is support look for 3826.

Alternative scenario:
The downside breakout of 3579 would call for 3487 and 3431.

Comment:
The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (3668) but above its 50 period moving average (3399).

 Ethereum Classic / Dollar intraday: as long as 30.89 is support look for 33.46

30.89 is our pivot point.

Our preference:
As long as 30.89 is support look for 33.46.

Alternative scenario:
The downside breakout of 30.89 would call for 29.89 and 29.30.

Comment:
The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (31.79) but above its 50 period moving average (30.05).

Litecoin / Dollar intraday: as long as 86.6 is support look for 93.2

86.6 is our pivot point.

Our preference:
As long as 86.6 is support look for 93.2.

Alternative scenario:
Below 86.6, expect 84.1 and 82.6.

Comment:
The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 88.1 and 85.9).

NEO / Dollar intraday: as long as 15.69 is support look for 17.04

Our pivot point is at 15.69.

Our preference:
As long as 15.69 is support look for 17.04.

Alternative scenario:
The downside breakout of 15.69 would call for 15.19 and 14.89.

Comment:
The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 15.86 and 15.33).

XRP / Dollar intraday: as long as 0.5303 is support look for 0.5606

Our pivot point stands at 0.5303.

Our preference:
As long as 0.5303 is support look for 0.5606.

Alternative scenario:
Below 0.5303, expect 0.5189 and 0.5122.

Comment:
The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.5370 and 0.5268).