Ethereum Intraday: the RSI is oversold
Ethereum (ETH/USD)
-5.93-0.30%
the downside prevails as long as 2110 is resistance.
Our pivot point stands at 2110.
Our preference: the downside prevails as long as 2110 is resistance.
Alternative scenario: above 2110, look for 2171 and 2207.
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 negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2064 and 2077). Finally, the Ether / Dollar is trading below its lower Bollinger band (standing at 2036).
Supports and resistances:
2207 **
2171 *
2110 **
2086
2024 last
1951
1915 **
1880 *
1844 **
Our preference: the downside prevails as long as 2110 is resistance.
Alternative scenario: above 2110, look for 2171 and 2207.
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 negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2064 and 2077). Finally, the Ether / Dollar is trading below its lower Bollinger band (standing at 2036).
Supports and resistances:
2207 **
2171 *
2110 **
2086
2024 last
1951
1915 **
1880 *
1844 **
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