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Crypto Technicals: BTC/USD recovery lacks traction, finds stiff resistance at 55-EMA (10413)

BTC/USD chart - Trading View 

Exchange - Coinbase

Support: 9702 (100-DMA); Resistance: 10408 (55-EMA)

Technical Analysis: Bias Bearish

BTC/USD recovery from 2-week lows has paused at 55-EMA which is offering stiff resistance.

Technical indicators are still bearish for the pair, scope for resumption of weakness.

RSI is below 50 mark and Stochs are still biased lower. Bearish MACD crossover on signal line and ADX support weakness.

Price action is below cloud and bearish 5-DMA crossover on 20-DMA adds to the bearish bias.

We see scope for retest of trendline support at 9820. Breach below will see further downside.

On the flipside, breakout above 55-EMA will see test of 21-EMA (10795). Breakout above will see further upside.
 

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July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

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50 %

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Previous

48.6 %

January 31 00:00 UTC 853607853607m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 853607853607m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 865427865427m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 853607853607m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 865427865427m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 853607853607m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 853607853607m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 853607853607m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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