Market Analysis of Ethereum on Monday 03 January 2022

2022-01-03 09:10Source:BtcDana

Ether / Dollar intraday: the upside prevails as long as 3709 is support

 

Our pivot point stands at 3709.

 

Our preference:

The upside prevails as long as 3709 is support.

 

Alternative scenario:

Below 3709, expect 3589 and 3518.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 3780 and 3762).

 https://asset.onetrader.online/upload/file/1641139200000/1641176205080.gif

This material is from Trading Central and is being posted with permission from Trading Central. The views expressed in this material are solely those of the author and/or Trading View and BTCDana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.

More