Market Analysis of Ethereum on Wednesday 5 January 2022

2022-01-05 10:45Source:BtcDana

Ether / Dollar intraday: as long as 3723 is support look for 4042

 

Our pivot point is at 3723.

 

Our preference:

As long as 3723 is support look for 4042.

 

Alternative scenario:

Below 3723, expect 3603 and 3532.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading under its 20 period moving average (3836) but above its 50 period moving average (3783).


Analyst Views Chart


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