Ether / Dollar intraday: rebound towards 4222
3894 is our pivot point.
Our preference:
Rebound towards 4222.
Alternative scenario:
The downside breakout of 3894 would call for 3769 and 3695.
Comment:
The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (3992) but below its 50 period moving average (4017).
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.