Ether / Dollar intraday: below its lower Bollinger band
Our pivot point stands at 3750.
Our preference: under pressure below 3750.
Alternative scenario: above 3750, look for 3835 and 3887.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 3694 and 3648). Finally, the Ether / Dollar has penetrated its lower Bollinger band (3661).
Supports and resistances:
3887 **
3835 *
3750 **
3716
3645 last
3536
3486 **
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