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Crypto Technicals: BTC/USD bounces off session lows with 'Hammer' formation, bias neutral

BTC/USD chart - Trading View 

Exchange - Coinbase

Support: 7110 (21-EMA); Resistance: 7882 (5-DMA)

Technical Analysis: Bias Neutral

BTC/USD extends weakness for the 4th straight session.

Price action has slipped below 5-DMA and 1H 200-SMA.

Bearish divergence on RSI and Stochs raises scope for weakness.

Major trend in the pair is still bullish. 5-DMA is still biased higher.

Price has held support at 4H cloud. Break below finds next major support at 7180 (4H 110-EMA)

21-EMA (7108) required for further downside. Bullish invalidation only below 200-DMA

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

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June 18 07:00 UTC Released

TRIndustrial Prod Adj YY

Actual

-4 %

Forecast

-2.5 %

Previous

-2.2 %

June 18 06:00 UTC Released

ROCar Registration YY

Actual

12.6 %

Forecast

Previous

13.9 %

January 31 00:00 UTC 724746724746m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 724746724746m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 736566736566m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 724746724746m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 736566736566m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 724746724746m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 724746724746m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 724746724746m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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