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Ether / Dollar intraday: below its lower Bollinger band

2024-02-20
469

Our pivot point is at 2937.

Our preference: the downside prevails as long as 2937 is resistance.

Alternative scenario: above 2937, look for 2991 and 3023.

Comment: the RSI is below 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 2921 and 2923). Finally, the Ether / Dollar is trading below its lower Bollinger band (standing at 2895).

Supports and resistances:

3023 **

2991 *

2937 **

2916

2894 last

2828

2796 **

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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