Ether / Dollar intraday: the upside prevails as long as 2749 is support
Our pivot point stands at 2749.
Our preference:
The upside prevails as long as 2749 is support.
Alternative scenario:
The downside breakout of 2749 would call for 2660 and 2607.
Comment:
The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2751 and 2673).
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