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Ether / Dollar intraday: the downside prevails as long as 2311 is resistance

2024-01-01
862

Our pivot point stands at 2311.

Our preference: the downside prevails as long as 2311 is resistance.

Alternative scenario: the upside breakout of 2311, would call for 2352 and 2377.

Comment: the RSI is below 50. 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 2285 and 2293).

Supports and resistances:

2377 **

2352 *

2311 **

2295

2279 last

2230

2205 **

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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