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Ether / Dollar intraday: target 1564

2023-09-13
1035

1606 is our pivot point.

Our preference: target 1564.

Alternative scenario: the upside breakout of 1606, would call for 1622 and 1632.

Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (1598) but above its 50 period moving average (1589).

Supports and resistances:

1632 **

1622 *

1606 **

1600

1593 last

1573

1564 **

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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