The MACD is positive and hovering below its moving average.
Area 49583/49266 is our support.
Predictable scenario: as long as support a holds, we can point towards 53148
Alternative scenario: a collapse of 49266 would result in a decline towards 46878
Analysis: The RSI hovers above the 50-point equilibrium line. The MACD is positive and hovering below its moving average. In the short term the title could correct. Observe that the volumes have been on the rise for a few days.
BTC 30 minutes:
As El Salvador prepares to introduce Bitcoin as legal tender, the country's Congress has prepared a $ 150 million fund to help the Bitcoin project get off the ground next week. But criticism of President Nayib Bukele's Bitcoin plans has not abated, with protests this week followed by the arrest of a vocal critic of the Bitcoin law. Meanwhile, the IMF reiterated its concerns about El Salvador's plans, highlighting "substantial risks" and warning that making Bitcoin equivalent to a national currency is "an inadvisable shortcut".
As usual, I attach levels for intraday trading of BTC ETH and MATIC:
Happy trading everyone.
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