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Ether / Dollar intraday: above its upper Bollinger band

2024-02-27
1049

3172 is our pivot point.

Our preference: the upside prevails as long as 3172 is support.

Alternative scenario: below 3172, expect 3114 and 3080.

Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 3176 and 3124). Finally, the Ether / Dollar is trading above its upper Bollinger band (standing at 3219).

Supports and resistances:

3395 **

3361 *

3327 **

3292

3221 last

3194

3172 **

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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