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Ether / Dollar intraday: target 1635
2023-10-23
494
Our pivot point is at 1686.
Our preference: target 1635.
Alternative scenario: the upside breakout of 1686, would call for 1705 and 1716.
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 is trading under its 20 period moving average (1681) but above its 50 period moving average (1662).
Supports and resistances:
1716 **
1705 *
1686 **
1679
1668 last
1646
1635 **
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