Ethereum Intraday: the downside prevails as long as 1684 is resistance
Ethereum (ETH/USD)
-2.08-0.12%
the downside prevails as long as 1684 is resistance.
Our pivot point stands at 1684.
Our preference: the downside prevails as long as 1684 is resistance.
Alternative scenario: the upside breakout of 1684, would call for 1708 and 1722.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1668 and 1666).
Supports and resistances:
1722 **
1708 *
1684 **
1656 last
1623
1609 **
1595 *
Our preference: the downside prevails as long as 1684 is resistance.
Alternative scenario: the upside breakout of 1684, would call for 1708 and 1722.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1668 and 1666).
Supports and resistances:
1722 **
1708 *
1684 **
1656 last
1623
1609 **
1595 *
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