Ethereum Intraday: rebound towards 3160
May 8, 2024 04:42
Ethereum (ETH/USD)
-43.3-1.39%
rebound towards 3160.
Our pivot point stands at 2968.
Our preference: rebound towards 3160.
Alternative scenario: below 2968, expect 2893 and 2849.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3032 and 3059).
Supports and resistances:
3249 **
3205 *
3160 **
3116
3026 last
2997
2968 **
2893 *
2849 **
Our preference: rebound towards 3160.
Alternative scenario: below 2968, expect 2893 and 2849.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3032 and 3059).
Supports and resistances:
3249 **
3205 *
3160 **
3116
3026 last
2997
2968 **
2893 *
2849 **
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.
