CM Trade

Download APP to receive bonus

GET

Ether / Dollar intraday: below its lower Bollinger band

2024-03-17
830

Our pivot point stands at 3657.

Our preference: the downside prevails as long as 3657 is resistance.

Alternative scenario: above 3657, look for 3715 and 3749.

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 3668 and 3699). Finally, the Ether / Dollar is trading below its lower Bollinger band (standing at 3596).

Supports and resistances:

3749 **

3715 *

3657 **

3634

3590 last

3515

3481 **

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.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More