Ether / USD may fall to 3352 - 3397

Our pivot point is at 3551.

Our preference

The downside prevails as long as 3551 is resistance.

Alternative scenario

The upside breakout of 3551, would call for 3626 and 3671.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 3512 and 3506). Finally, the Ether / Dollar is trading below its lower Bollinger band (standing at 3492).

Supports and resistances

3671 **

3626 *

3551 **

3521

3486 last

3397

3352 **

3307 *

3263 **

Number of asterisks represents the strength of support and resistance levels.