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Ether / Dollar intraday: below its lower Bollinger band

2024-02-21
1005

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 **

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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