Ether / Dollar ST: above its upper Bollinger band
Our pivot point stands at 1647.
Our preference: the upside prevails as long as 1647 is support.
Alternative scenario: below 1647, expect 1495 and 1405.
Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1609 and 1620). Finally, the Ether / Dollar is trading above its upper Bollinger band (standing at 1738).
Supports and resistances:
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