Ethereum Intraday: the downside prevails as long as 2359 is resistance
Ethereum (ETH/USD)
-18.47-0.79%
the downside prevails as long as 2359 is resistance.
Our pivot point is at 2359.
Our preference: the downside prevails as long as 2359 is resistance.
Alternative scenario: the upside breakout of 2359, would call for 2411 and 2443.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2319 and 2318).
Supports and resistances:
2443 **
2411 *
2359 **
2309 last
2240
2208 **
2177 *
Our preference: the downside prevails as long as 2359 is resistance.
Alternative scenario: the upside breakout of 2359, would call for 2411 and 2443.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2319 and 2318).
Supports and resistances:
2443 **
2411 *
2359 **
2309 last
2240
2208 **
2177 *
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.
