Ether / Dollar intraday: the downside prevails as long as 2688 is resistance
Our pivot point is at 2688.
Our preference:
The downside prevails as long as 2688 is resistance.
Alternative scenario:
The upside breakout of 2688, would call for 2770 and 2819.
Comment:
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2625 and 2640).
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.