Ethereum Intraday: the RSI is overbought
Ethereum (ETH/USD)
+210.07+11.34%
the upside prevails as long as 1919 is support.
1919 is our pivot point.
Our preference: the upside prevails as long as 1919 is support.
Alternative scenario: the downside breakout of 1919 would call for 1865 and 1833.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1914 and 1883). Finally, the Ether / Dollar is trading above its upper Bollinger band (standing at 1962).
Supports and resistances:
2140 **
2107 *
2075 **
2042
1964 last
1940
1919 **
1865 *
1833 **
Our preference: the upside prevails as long as 1919 is support.
Alternative scenario: the downside breakout of 1919 would call for 1865 and 1833.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1914 and 1883). Finally, the Ether / Dollar is trading above its upper Bollinger band (standing at 1962).
Supports and resistances:
2140 **
2107 *
2075 **
2042
1964 last
1940
1919 **
1865 *
1833 **
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