Ether / Dollar intraday: the downside prevails as long as 3569 is resistance
Our pivot point stands at 3569.
Our preference: the downside prevails as long as 3569 is resistance.
Alternative scenario: the upside breakout of 3569, would call for 3644 and 3689.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3533 and 3568).
Supports and resistances:
3689 **
3644 *
3569 **
3540
3509 last
3409
3364 **
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