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Ether / Dollar intraday: the upside prevails as long as 3950 is support

2024-03-11
889

Our pivot point stands at 3950.

Our preference: the upside prevails as long as 3950 is support.

Alternative scenario: below 3950, expect 3878 and 3835.

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 positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 3895 and 3904).

Supports and resistances:

4225 **

4182 *

4140 **

4097

4011 last

3978

3950 **

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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