Ether / Dollar intraday: below its lower Bollinger band
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 **
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