Ethereum Intraday: below its lower Bollinger band
Ethereum (ETH/USD)
-10.04-0.25%
the downside prevails as long as 4042 is resistance.
Our pivot point is at 4042.
Our preference: the downside prevails as long as 4042 is resistance.
Alternative scenario: the upside breakout of 4042, would call for 4139 and 4196.
Comment: the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). 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 4031 and 4011). Finally, the Ether / Dollar is trading below its lower Bollinger band (standing at 3974).
Supports and resistances:
4196 **
4139 *
4042 **
4004
3949 last
3834
3777 **
3720 *
3662 **
Our preference: the downside prevails as long as 4042 is resistance.
Alternative scenario: the upside breakout of 4042, would call for 4139 and 4196.
Comment: the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). 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 4031 and 4011). Finally, the Ether / Dollar is trading below its lower Bollinger band (standing at 3974).
Supports and resistances:
4196 **
4139 *
4042 **
4004
3949 last
3834
3777 **
3720 *
3662 **
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