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Ether / Dollar intraday: the RSI is overbought

2024-02-14
285

2687 is our pivot point.

Our preference: the upside prevails as long as 2687 is support.

Alternative scenario: below 2687, expect 2637 and 2608.

Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 2651 and 2645). Finally, the Ether / Dollar is trading above its upper Bollinger band (standing at 2716).

Supports and resistances:

2879 **

2850 *

2820 **

2791

2730 last

2706

2687 **

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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