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Ether / Dollar intraday: as long as 2315 is support look for 2433
2023-12-28
947
2315 is our pivot point.
Our preference: as long as 2315 is support look for 2433.
Alternative scenario: below 2315, expect 2272 and 2247.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2329 and 2270).
Supports and resistances:
2484 **
2458 *
2433 **
2408
2357 last
2331
2315 **
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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