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Ether / Dollar ST: our next up target stands at 4419

2024-07-16
384

Our pivot point stands at 3078.

Our preference: our next up target stands at 4419.

Alternative scenario: the downside breakout of 3078 would call for 2558 and 2249.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 3231 and 3462).

Supports and resistances:

5038 **

4728 *

4419 **

4109

3489 last

3282

3078 **

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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