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Ether / Dollar intraday: look for a drop towards 2329 before a bounce

2024-02-07
870

Our pivot point is at 2329.

Our preference: look for a drop towards 2329 before a bounce.

Alternative scenario: the downside breakout of 2329 would call for 2285 and 2259.

Comment: the RSI is above its neutrality area at 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is below its 20 period moving average (2367) but above its 50 period moving average (2358).

Supports and resistances:

2493 **

2468 *

2442 **

2416

2364 last

2346

2329 **

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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