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Ether / Dollar intraday: rebound towards 1648

2023-10-06
1163

Our pivot point stands at 1597.

Our preference: rebound towards 1648.

Alternative scenario: the downside breakout of 1597 would call for 1578 and 1566.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1618 and 1632).

Supports and resistances:

1671 **

1660 *

1648 **

1637

1614 last

1605

1597 **

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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