Ether / Dollar intraday: the downside prevails as long as 2641 is resistance
2641 is our pivot point.
Our preference:
The downside prevails as long as 2641 is resistance.
Alternative scenario:
The upside breakout of 2641, would call for 2722 and 2770.
Comment:
The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2603 and 2601).
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.