Ether / Dollar intraday: the downside prevails as long as 3939 is resistance
3939 is our pivot point.
Our preference:
The downside prevails as long as 3939 is resistance.
Alternative scenario:
The upside breakout of 3939, would call for 4060 and 4132.
Comment:
The RSI is below 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 3866 and 3931).
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