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Ether / Dollar intraday: above its upper Bollinger band

2024-03-25
748

3447 is our pivot point.

Our preference: the upside prevails as long as 3447 is support.

Alternative scenario: the downside breakout of 3447 would call for 3385 and 3349.

Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 3445 and 3401). Finally, the Ether / Dollar is trading above its upper Bollinger band (standing at 3493).

Supports and resistances:

3677 **

3641 *

3605 **

3568

3495 last

3471

3447 **

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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