Ethereum Intraday: rebound towards 1784

Ethereum (ETH/USD)
-15.93-0.92%
rebound towards 1784.
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Our pivot point is at 1704.

Our preference: rebound towards 1784.

Alternative scenario: below 1704, expect 1674 and 1656.

Comment: the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1730 and 1739).

Supports and resistances:
1802 *
1784 **
1766
1728 last
1704 **
1674 *
1656 **

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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