Ethereum Intraday: the RSI is overbought
Ethereum (ETH/USD)
+44.08+2.35%
the upside prevails as long as 1906 is support.
Our pivot point is at 1906.
Our preference: the upside prevails as long as 1906 is support.
Alternative scenario: the downside breakout of 1906 would call for 1870 and 1848.
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 above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1885 and 1879). Finally, the Ether / Dollar has crossed above its upper Bollinger band (1928).
Supports and resistances:
2025 *
2004 **
1983
1939 last
1906 **
1870 *
1848 **
Our preference: the upside prevails as long as 1906 is support.
Alternative scenario: the downside breakout of 1906 would call for 1870 and 1848.
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 above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1885 and 1879). Finally, the Ether / Dollar has crossed above its upper Bollinger band (1928).
Supports and resistances:
2025 *
2004 **
1983
1939 last
1906 **
1870 *
1848 **
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