Ethereum Intraday: above its upper Bollinger band

Ethereum (ETH/USD)
-32.13-1.46%
rebound.
image
2153 is our pivot point.

Our preference: rebound.

Alternative scenario: the downside breakout of 2153 would call for 2106 and 2077.

Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (2182) but under its 50 period moving average (2204). Finally, the Ether / Dollar is trading above its upper Bollinger band (standing at 2194).

Supports and resistances:
2309 *
2281 **
2252
2194 last
2153 **
2106 *
2077 **

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.
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