Ethereum Intraday: the downside prevails as long as 2009 is resistance
Ethereum (ETH/USD)
-107.94-5.32%
the downside prevails as long as 2009 is resistance.
Our pivot point is at 2009.
Our preference: the downside prevails as long as 2009 is resistance.
Alternative scenario: the upside breakout of 2009, would call for 2063 and 2096.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2010 and 2020).
Supports and resistances:
2096 **
2063 *
2009 **
1988
1964 last
1875
1844 **
1812 *
1780 **
Our preference: the downside prevails as long as 2009 is resistance.
Alternative scenario: the upside breakout of 2009, would call for 2063 and 2096.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2010 and 2020).
Supports and resistances:
2096 **
2063 *
2009 **
1988
1964 last
1875
1844 **
1812 *
1780 **
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