Ether / Dollar intraday: the upside prevails as long as 3784 is support
Our pivot point is at 3784.
Our preference:
The upside prevails as long as 3784 is support.
Alternative scenario:
The downside breakout of 3784 would call for 3662 and 3590.
Comment:
The RSI is above its neutrality area at 50. 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 3829 and 3864).
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.