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Ether / Dollar intraday: the downside prevails as long as 3483 is resistance

2024-03-06
435

3483 is our pivot point.

Our preference: the downside prevails as long as 3483 is resistance.

Alternative scenario: the upside breakout of 3483, would call for 3544 and 3581.

Comment: the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). 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 3675 and 3666).

Supports and resistances:

3581 **

3544 *

3483 **

3459

3422 last

3260

3225 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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