Ethereum Intraday: the downside prevails as long as 2356 is resistance
Sep 18, 2024 1:02 PM
the downside prevails as long as 2356 is resistance.
Our pivot point is at 2356.
Our preference:
the downside prevails as long as 2356 is resistance.
Alternative scenario:
the upside breakout of 2356, would call for 2414 and 2448.
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 2317 and 2334).
Supports and resistances:
2448 **
2414 *
2356 **
2333
2310 last
2241
2207 **
2172 *
2138 **
Our preference:
the downside prevails as long as 2356 is resistance.
Alternative scenario:
the upside breakout of 2356, would call for 2414 and 2448.
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 2317 and 2334).
Supports and resistances:
2448 **
2414 *
2356 **
2333
2310 last
2241
2207 **
2172 *
2138 **
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Ethereum
2449.06
125.56
+5.40%