Ethereum Intraday: above its upper Bollinger band

Ethereum (ETH/USD)
+8.54+0.41%
the upside prevails as long as 3080 is support.
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Our pivot point stands at 3080.

Our preference: the upside prevails as long as 3080 is support.

Alternative scenario: below 3080, expect 3010 and 2968.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 3137 and 3139). Finally, the Ether / Dollar is trading above its upper Bollinger band (standing at 3146).

Supports and resistances:
3364 **
3322 *
3279 **
3237
3146 last
3108
3080 **
3010 *
2968 **

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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