Ethereum Intraday: rebound towards 1724
Ethereum (ETH/USD)
-189.74-10.70%
rebound towards 1724.
Our pivot point stands at 1653.
Our preference: rebound towards 1724.
Alternative scenario: the downside breakout of 1653 would call for 1628 and 1614.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1700 and 1740).
Supports and resistances:
1738 *
1724 **
1709
1673 last
1653 **
1628 *
1614 **
Our preference: rebound towards 1724.
Alternative scenario: the downside breakout of 1653 would call for 1628 and 1614.
Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1700 and 1740).
Supports and resistances:
1738 *
1724 **
1709
1673 last
1653 **
1628 *
1614 **
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.
