Ethereum Intraday: the downside prevails as long as 3507 is resistance
Dec 26, 2024 5:05 AM
the downside prevails as long as 3507 is resistance.
Our pivot point stands at 3507.
Our preference:
the downside prevails as long as 3507 is resistance.
Alternative scenario:
the upside breakout of 3507, would call for 3595 and 3647.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3467 and 3476).
Supports and resistances:
3647 **
3595 *
3507 **
3473
3438 last
3334
3282 **
3230 *
3178 **
Our preference:
the downside prevails as long as 3507 is resistance.
Alternative scenario:
the upside breakout of 3507, would call for 3595 and 3647.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3467 and 3476).
Supports and resistances:
3647 **
3595 *
3507 **
3473
3438 last
3334
3282 **
3230 *
3178 **
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.
Related Instruments
Ethereum
3314.03
-20.51
-0.62%