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Ether / Dollar intraday: the downside prevails as long as 3123 is resistance

2024-05-07
858

3123 is our pivot point.

Our preference: the downside prevails as long as 3123 is resistance.

Alternative scenario: above 3123, look for 3199 and 3244.

Comment: the RSI is below 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 3101 and 3134).

Supports and resistances:

3244 **

3199 *

3123 **

3093

3062 last

2962

2916 **

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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