Our pivot point is at 2937.
Our preference: the downside prevails as long as 2937 is resistance.
Alternative scenario: above 2937, look for 2991 and 3023.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2921 and 2923). Finally, the Ether / Dollar is trading below its lower Bollinger band (standing at 2895).
Supports and resistances:
3023 **
2991 *
2937 **
2916
2894 last
2828
2796 **
2764 *
2732 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-20-2024 at 10:46 UTC+1
Price reference: 2894 last known on 02-20-2024 at 10:46 UTC+1
Investment horizon: INTRADAY
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