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Ether / Dollar intraday: the upside prevails as long as 1631 is support
2023-10-05
453
1631 is our pivot point.
Our preference: the upside prevails as long as 1631 is support.
Alternative scenario: below 1631, expect 1611 and 1600.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1643 and 1643).
Supports and resistances:
1706 **
1695 *
1683 **
1671
1648 last
1639
1631 **
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