Ethereum Intraday: the downside prevails as long as 3389 is resistance
Jan 16, 2025 2:02 PM
the downside prevails as long as 3389 is resistance.
Our pivot point is at 3389.
Our preference:
the downside prevails as long as 3389 is resistance.
Alternative scenario:
above 3389, look for 3466 and 3512.
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 stands below its 20 and 50 period moving average (respectively at 3349 and 3370).
Supports and resistances:
3512 **
3466 *
3389 **
3358
3328 last
3236
3189 **
3143 *
3097 **
Our preference:
the downside prevails as long as 3389 is resistance.
Alternative scenario:
above 3389, look for 3466 and 3512.
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 stands below its 20 and 50 period moving average (respectively at 3349 and 3370).
Supports and resistances:
3512 **
3466 *
3389 **
3358
3328 last
3236
3189 **
3143 *
3097 **
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Ethereum
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