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Ether / Dollar intraday: the RSI is oversold

2024-04-02
503

3329 is our pivot point.

Our preference: the downside prevails as long as 3329 is resistance.

Alternative scenario: the upside breakout of 3329, would call for 3401 and 3444.

Comment: the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). 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 3339 and 3421). Finally, the Ether / Dollar is trading below its lower Bollinger band (standing at 3260).

Supports and resistances:

3444 **

3401 *

3329 **

3301

3250 last

3149

3106 **

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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