Ethereum Intraday: above its upper Bollinger band

Ethereum (ETH/USD)
+16.30+0.71%
the upside prevails as long as 2268 is support.
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Our pivot point is at 2268.

Our preference: the upside prevails as long as 2268 is support.

Alternative scenario: the downside breakout of 2268 would call for 2226 and 2201.

Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2287 and 2287). Finally, the Ether / Dollar is trading above its upper Bollinger band (standing at 2302).

Supports and resistances:
2402 *
2377 **
2352
2302 last
2268 **
2226 *
2201 **

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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