Ethereum Short Term: below its lower Bollinger band
Ethereum (ETH/USD)
-13.56-0.64%
the downside prevails as long as 2336 is resistance.
Our pivot point is at 2336.
Our preference: the downside prevails as long as 2336 is resistance.
Alternative scenario: the upside breakout of 2336, would call for 2578 and 2722.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2273 and 2262). Finally, the Ether / Dollar has penetrated its lower Bollinger band (2113).
Supports and resistances:
2722 **
2578 *
2336 **
2110 last
1826
1684 **
1542 *
Our preference: the downside prevails as long as 2336 is resistance.
Alternative scenario: the upside breakout of 2336, would call for 2578 and 2722.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2273 and 2262). Finally, the Ether / Dollar has penetrated its lower Bollinger band (2113).
Supports and resistances:
2722 **
2578 *
2336 **
2110 last
1826
1684 **
1542 *
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