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Ether / Dollar intraday: the downside prevails as long as 3441 is resistance

2024-04-02
902

Our pivot point stands at 3441.

Our preference: the downside prevails as long as 3441 is resistance.

Alternative scenario: above 3441, look for 3516 and 3560.

Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 3462 and 3499).

Supports and resistances:

3560 **

3516 *

3441 **

3412

3383 last

3278

3234 **

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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