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Ether / Dollar intraday: below its lower Bollinger band

2024-01-31
200

Our pivot point is at 2357.

Our preference: the downside prevails as long as 2357 is resistance.

Alternative scenario: the upside breakout of 2357, would call for 2402 and 2429.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2336 and 2340). Finally, the Ether / Dollar is trading below its lower Bollinger band (standing at 2325).

Supports and resistances:

2429 **

2402 *

2357 **

2339

2322 last

2268

2241 **

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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