Ether / Dollar intraday: the downside prevails as long as 2988 is resistance
Our pivot point is at 2988.
Our preference:
The downside prevails as long as 2988 is resistance.
Alternative scenario:
The upside breakout of 2988, would call for 3080 and 3134.
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 2980 and 3058).
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