Ethereum Intraday: the downside prevails as long as 1793 is resistance
Ethereum (ETH/USD)
-19.61-1.09%
the downside prevails as long as 1793 is resistance.
Our pivot point is at 1793.
Our preference: the downside prevails as long as 1793 is resistance.
Alternative scenario: the upside breakout of 1793, would call for 1823 and 1842.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1789 and 1777).
Supports and resistances:
1842 **
1823 *
1793 **
1768 last
1724
1706 **
1687 *
Our preference: the downside prevails as long as 1793 is resistance.
Alternative scenario: the upside breakout of 1793, would call for 1823 and 1842.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1789 and 1777).
Supports and resistances:
1842 **
1823 *
1793 **
1768 last
1724
1706 **
1687 *
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.
