Ether / USD may rise to 3892 - 3946

Our pivot point stands at 3698.

Our preference

Our next up target stands at 3946.

Alternative scenario

The downside breakout of 3698 would call for 3607 and 3553.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. 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 3764 and 3772). Finally, the Ether / Dollar is trading above its upper Bollinger band (standing at 3781).

Supports and resistances

4055 **

4001 *

3946 **

3892

3783 last

3734

3698 **

3607 *

3553 **

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