Ether / Dollar intraday: the downside prevails as long as 4024 is resistance
Our pivot point stands at 4024.
Our preference:
The downside prevails as long as 4024 is resistance.
Alternative scenario:
Above 4024, look for 4147 and 4220.
Comment:
The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 3930 and 3950).
This material is from Trading Central and is being posted with permission from Trading Central. The views expressed in this material are solely those of the author and/or Trading View and BTCDana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.