Ethereum Intraday: below its lower Bollinger band
Ethereum (ETH/USD)
+20.19+0.52%
under pressure below 3942.
Our pivot point stands at 3942.
Our preference: under pressure below 3942.
Alternative scenario: above 3942, look for 4035 and 4091.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3878 and 3861). Finally, the Ether / Dollar has penetrated its lower Bollinger band (3860).
Supports and resistances:
4091 **
4035 *
3942 **
3906
3859 last
3745
3690 **
3635 *
3580 **
Our preference: under pressure below 3942.
Alternative scenario: above 3942, look for 4035 and 4091.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3878 and 3861). Finally, the Ether / Dollar has penetrated its lower Bollinger band (3860).
Supports and resistances:
4091 **
4035 *
3942 **
3906
3859 last
3745
3690 **
3635 *
3580 **
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