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Ether / Dollar intraday: the upside prevails as long as 1583 is support


Our pivot point is at 1583.

Our preference: the upside prevails as long as 1583 is support.

Alternative scenario: the downside breakout of 1583 would call for 1566 and 1557.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1594 and 1596).

Supports and resistances:

1646 **

1636 *

1626 **


1597 last


1583 **

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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