Crypto Review - 22 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: rebound towards 72320

Our pivot point stands at 68840.

Our preference:
Rebound towards 72320.

Alternative scenario:
The downside breakout of 68840 would call for 67480 and 66680.

Comment:
The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 69956 and 70164).

Bitcoin Cash / Dollar intraday: the downside prevails as long as 518.9 is resistance

Our pivot point is at 518.9.

Our preference:
The downside prevails as long as 518.9 is resistance.

Alternative scenario:
The upside breakout of 518.9, would call for 534.8 and 544.2.

Comment:
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 509.9 and 515.2).

DASH / Dollar intraday: the downside prevails as long as 31.5 is resistance

Our pivot point stands at 31.5.

Our preference:
The downside prevails as long as 31.5 is resistance.

Alternative scenario:
Above 31.5, look for 32.3 and 32.7.

Comment:
The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 31 and 31).

EOS / Dollar intraday: rebound towards 0.9073

Our pivot point stands at 0.8380.

Our preference:
Rebound towards 0.9073.

Alternative scenario:
Below 0.8380, expect 0.8111 and 0.7950.

Comment:
The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.8609 and 0.8672).

Ether / Dollar intraday: the downside prevails as long as 3828 is resistance

3828 is our pivot point.

Our preference:
The downside prevails as long as 3828 is resistance.

Alternative scenario:
Above 3828, look for 3924 and 3981.

Comment:
The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3774 and 3757).

Ethereum Classic / Dollar intraday: rebound

Our pivot point stands at 30.69.

Our preference:
Rebound.

Alternative scenario:
Below 30.69, expect 29.70 and 29.12.

Comment:
The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (31.34) but below its 50 period moving average (31.60).

Litecoin / Dollar intraday: the downside prevails as long as 89.1 is resistance

89.1 is our pivot point.

Our preference:
The downside prevails as long as 89.1 is resistance.

Alternative scenario:
The upside breakout of 89.1, would call for 91.5 and 93.

Comment:
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 87.5 and 88.1).

NEO / Dollar intraday: as long as 15.45 is support look for 16.89

Our pivot point is at 15.45.

Our preference:
As long as 15.45 is support look for 16.89.

Alternative scenario:
The downside breakout of 15.45 would call for 14.95 and 14.66.

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 trading above both its 20 and 50 period moving average (respectively at 15.95 and 15.80).

XRP / Dollar intraday: rebound towards 0.5541

Our pivot point is at 0.5247.

Our preference:
Rebound towards 0.5541.

Alternative scenario:
The downside breakout of 0.5247 would call for 0.5135 and 0.5068.

Comment:
The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.5346 and 0.5390).