Ether / Dollar intraday: target 2345
2590 is our pivot point.
Our preference:
Target 2345.
Alternative scenario:
The upside breakout of 2590, would call for 2669 and 2716.
Comment:
The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (2589) but above its 50 period moving average (2513).
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.