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Ether / Dollar intraday: the downside prevails as long as 1656 is resistance
2023-10-04
368
Our pivot point stands at 1656.
Our preference: the downside prevails as long as 1656 is resistance.
Alternative scenario: the upside breakout of 1656, would call for 1675 and 1687.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1646 and 1652).
Supports and resistances:
1687 **
1675 *
1656 **
1648
1640 last
1614
1602 **
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