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Ether / Dollar intraday: below its lower Bollinger band

2024-03-18
740

Our pivot point stands at 3624.

Our preference: under pressure below 3624.

Alternative scenario: above 3624, look for 3681 and 3715.

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 both its 20 and 50 period moving average (respectively at 3627 and 3580). Finally, the Ether / Dollar has penetrated its lower Bollinger band (3584).

Supports and resistances:

3715 **

3681 *

3624 **

3601

3574 last

3506

3472 **

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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