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Ether / Dollar intraday: the downside prevails as long as 1654 is resistance

2023-10-05
879

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 **

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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