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Ether / Dollar intraday: rebound
2023-10-06
723
1607 is our pivot point.
Our preference: rebound.
Alternative scenario: the downside breakout of 1607 would call for 1588 and 1576.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (1619) but below its 50 period moving average (1628).
Supports and resistances:
1681 **
1669 *
1657 **
1646
1623 last
1615
1607 **
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