Ether / Dollar intraday: the downside prevails as long as 1654 is resistance
Our pivot point stands at 1654.
Our preference: the downside prevails as long as 1654 is resistance.
Alternative scenario: above 1654, look for 1674 and 1685.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1645 and 1643).
Supports and resistances:
1685 **
1674 *
1654 **
1646
1638 last
1614
1602 **
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