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Ether / Dollar intraday: as long as 3201 is support look for 3350

2024-02-28
237

3201 is our pivot point.

Our preference: as long as 3201 is support look for 3350.

Alternative scenario: the downside breakout of 3201 would call for 3142 and 3108.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (3247) but above its 50 period moving average (3244).

Supports and resistances:

3419 **

3385 *

3350 **

3316

3246 last

3223

3201 **

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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