Ether / Dollar intraday: the downside prevails as long as 4006 is resistance
Our pivot point is at 4006.
Our preference: the downside prevails as long as 4006 is resistance.
Alternative scenario: above 4006, look for 4069 and 4107.
Comment: the RSI is below 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 3988 and 4007).
Supports and resistances:
4107 **
4069 *
4006 **
3981
3956 last
3879
3841 **
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