Ethereum Intraday: the downside prevails as long as 2016 is resistance
Ethereum (ETH/USD)
+2.36+0.12%
the downside prevails as long as 2016 is resistance.
Our pivot point stands at 2016.
Our preference: the downside prevails as long as 2016 is resistance.
Alternative scenario: above 2016, look for 2046 and 2064.
Comment: the RSI is below 50. 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 2002 and 2014).
Supports and resistances:
2064 **
2046 *
2016 **
1992 last
1953
1935 **
1918 *
Our preference: the downside prevails as long as 2016 is resistance.
Alternative scenario: above 2016, look for 2046 and 2064.
Comment: the RSI is below 50. 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 2002 and 2014).
Supports and resistances:
2064 **
2046 *
2016 **
1992 last
1953
1935 **
1918 *
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