Ether / Dollar intraday: below its lower Bollinger band
Our pivot point is at 2984.
Our preference: the downside prevails as long as 2984 is resistance.
Alternative scenario: the upside breakout of 2984, would call for 3038 and 3071.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2991 and 2959). Finally, the Ether / Dollar is trading below its lower Bollinger band (standing at 2944).
Supports and resistances:
3071 **
3038 *
2984 **
2962
2936 last
2870
2838 **
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