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Ether / Dollar intraday: the downside prevails as long as 3249 is resistance

2024-04-29
474

Our pivot point stands at 3249.

Our preference: the downside prevails as long as 3249 is resistance.

Alternative scenario: above 3249, look for 3330 and 3378.

Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (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 3243 and 3284).

Supports and resistances:

3378 **

3330 *

3249 **

3218

3180 last

3075

3028 **

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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