Ethereum Intraday: above its upper Bollinger band
Ethereum (ETH/USD)
+103.55+5.87%
the upside prevails as long as 1758 is support.
Our pivot point stands at 1758.
Our preference: the upside prevails as long as 1758 is support.
Alternative scenario: the downside breakout of 1758 would call for 1725 and 1706.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1784 and 1775). Finally, the Ether / Dollar is trading above its upper Bollinger band (standing at 1792).
Supports and resistances:
1878 *
1858 **
1838
1797 last
1758 **
1725 *
1706 **
Our preference: the upside prevails as long as 1758 is support.
Alternative scenario: the downside breakout of 1758 would call for 1725 and 1706.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1784 and 1775). Finally, the Ether / Dollar is trading above its upper Bollinger band (standing at 1792).
Supports and resistances:
1878 *
1858 **
1838
1797 last
1758 **
1725 *
1706 **
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.
