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Ether / Dollar intraday: below its lower Bollinger band

2024-03-22
1008

Our pivot point stands at 3543.

Our preference: target 3381.

Alternative scenario: the upside breakout of 3543, would call for 3604 and 3641.

Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (3533) but above its 50 period moving average (3480). Finally, the Ether / Dollar is trading below its lower Bollinger band (standing at 3491).

Supports and resistances:

3641 **

3604 *

3543 **

3519

3490 last

3417

3381 **

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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