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Ether / Dollar intraday: as long as 2390 is support look for 2506

2024-02-08
1065

2390 is our pivot point.

Our preference: as long as 2390 is support look for 2506.

Alternative scenario: the downside breakout of 2390 would call for 2346 and 2319.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (2431) but above its 50 period moving average (2398).

Supports and resistances:

2559 **

2533 *

2506 **

2480

2426 last

2408

2390 **

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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