Ethereum Intraday: above its upper Bollinger band

Ethereum (ETH/USD)
+9.66+0.58%
the upside prevails as long as 1648 is support.
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Our pivot point stands at 1648.

Our preference: the upside prevails as long as 1648 is support.

Alternative scenario: the downside breakout of 1648 would call for 1619 and 1601.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1665 and 1664). Finally, the Ether / Dollar has crossed above its upper Bollinger band (1673).

Supports and resistances:
1747 *
1729 **
1712
1674 last
1648 **
1619 *
1601 **

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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