CM Trade

Download APP to receive bonus

GET

Ether / Dollar intraday: the downside prevails as long as 2464 is resistance

2024-01-22
353

Our pivot point is at 2464.

Our preference: the downside prevails as long as 2464 is resistance.

Alternative scenario: the upside breakout of 2464, would call for 2511 and 2538.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2437 and 2459).

Supports and resistances:

2538 **

2511 *

2464 **

2446

2422 last

2365

2338 **

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More