Ether / USD may fall to 2504 - 2542

Our pivot point is at 2676.

Our preference

The downside prevails as long as 2676 is resistance.

Alternative scenario

The upside breakout of 2676, would call for 2740 and 2779.

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 2654 and 2681). Finally, the Ether / Dollar is trading below its lower Bollinger band (standing at 2625).

Supports and resistances

2779 **

2740 *

2676 **

2651

2622 last

2542

2504 **

2465 *

2427 **

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