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Ether / Dollar intraday: the downside prevails as long as 1604 is resistance
2023-09-13
304
Our pivot point is at 1604.
Our preference: the downside prevails as long as 1604 is resistance.
Alternative scenario: the upside breakout of 1604, would call for 1620 and 1630.
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 1596 and 1595).
Supports and resistances:
1630 **
1620 *
1604 **
1598
1591 last
1572
1562 **
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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