Ether / Dollar intraday: the RSI is overbought
2791 is our pivot point.
Our preference: the upside prevails as long as 2791 is support.
Alternative scenario: below 2791, expect 2739 and 2709.
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 positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2794 and 2781). Finally, the Ether / Dollar is trading above its upper Bollinger band (standing at 2828).
Supports and resistances:
2994 **
2963 *
2933 **
2902
2839 last
2811
2791 **
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