Ether / Dollar intraday: above its upper Bollinger band
3152 is our pivot point.
Our preference: the upside prevails as long as 3152 is support.
Alternative scenario: the downside breakout of 3152 would call for 3072 and 3024.
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 above its 20 and 50 period moving average (respectively at 3160 and 3149). Finally, the Ether / Dollar has crossed above its upper Bollinger band (3211).
Supports and resistances:
3456 **
3408 *
3361 **
3313
3216 last
3184
3152 **
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