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Ether / Dollar intraday: rebound towards 1657

2023-10-06
1271

Our pivot point stands at 1605.

Our preference: rebound towards 1657.

Alternative scenario: the downside breakout of 1605 would call for 1586 and 1574.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (1619) but below its 50 period moving average (1626).

Supports and resistances:

1680 **

1669 *

1657 **

1645

1620 last

1613

1605 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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