Ether / Dollar intraday: above its upper Bollinger band
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 **
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