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Ether / Dollar intraday: under pressure below 1659
2023-10-05
840
Our pivot point stands at 1659.
Our preference: under pressure below 1659.
Alternative scenario: above 1659, look for 1678 and 1690.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1646 and 1643).
Supports and resistances:
1690 **
1678 *
1659 **
1651
1643 last
1620
1608 **
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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