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Ether / Dollar intraday: the RSI is overbought

2024-02-15
803

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 **

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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