Our pivot point stands at 0.0789.
Our preference: as long as 0.0789 is support look for 0.0855.
Alternative scenario: the downside breakout of 0.0789 would call for 0.0763 and 0.0748.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (0.0810) but above its 50 period moving average (0.0786).
Supports and resistances:
0.0885 **
0.0870 *
0.0855 **
0.0840
0.0809 last
0.0799
0.0789 **
0.0763 *
0.0748 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 11-24-2022 at 03:09 UTC+1
Price reference: 0.0809 last known on 11-24-2022 at 03:09 UTC+1
Investment horizon: INTRADAY
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