Ethereum Intraday: the downside prevails as long as 3112 is resistance
Nov 21, 2024 3:05 AM
the downside prevails as long as 3112 is resistance.
Our pivot point is at 3112.
Our preference:
the downside prevails as long as 3112 is resistance.
Alternative scenario:
above 3112, look for 3176 and 3214.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 3070 and 3093).
Supports and resistances:
3214 **
3176 *
3112 **
3087
3062 last
2981
2944 **
2906 *
2868 **
Our preference:
the downside prevails as long as 3112 is resistance.
Alternative scenario:
above 3112, look for 3176 and 3214.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 3070 and 3093).
Supports and resistances:
3214 **
3176 *
3112 **
3087
3062 last
2981
2944 **
2906 *
2868 **
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