Ether / Dollar intraday: the RSI is overbought
2565 is our pivot point.
Our preference:
The upside prevails as long as 2565 is support.
Alternative scenario:
Below 2565, expect 2483 and 2434.
Comment:
The RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2458 and 2467). Finally, the Ether / Dollar has crossed above its upper Bollinger band (2636).
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