Ether / Dollar intraday: the upside prevails as long as 3116 is support
Our pivot point stands at 3116.
Our preference:
The upside prevails as long as 3116 is support.
Alternative scenario:
The downside breakout of 3116 would call for 3016 and 2956.
Comment:
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 3140 and 3121).
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