Ethereum Intraday: below its lower Bollinger band
Ethereum (ETH/USD)
-101.73-5.74%
the downside prevails as long as 1753 is resistance.
Our pivot point stands at 1753.
Our preference: the downside prevails as long as 1753 is resistance.
Alternative scenario: above 1753, look for 1778 and 1793.
Comment: the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1749 and 1762). Finally, the Ether / Dollar is trading below its lower Bollinger band (standing at 1710).
Supports and resistances:
1793 **
1778 *
1753 **
1701 last
1671
1656 **
1642 *
Our preference: the downside prevails as long as 1753 is resistance.
Alternative scenario: above 1753, look for 1778 and 1793.
Comment: the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1749 and 1762). Finally, the Ether / Dollar is trading below its lower Bollinger band (standing at 1710).
Supports and resistances:
1793 **
1778 *
1753 **
1701 last
1671
1656 **
1642 *
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.
