Ether / Dollar intraday: the downside prevails as long as 3535 is resistance
Our pivot point is at 3535.
Our preference: the downside prevails as long as 3535 is resistance.
Alternative scenario: the upside breakout of 3535, would call for 3610 and 3654.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3500 and 3559).
Supports and resistances:
3654 **
3610 *
3535 **
3506
3476 last
3380
3336 **
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