Our pivot point is at 0.4066.
Our preference: as long as 0.4066 is support look for 0.4255.
Alternative scenario: the downside breakout of 0.4066 would call for 0.3995 and 0.3952.
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 (0.4132) but above its 50 period moving average (0.4072).
Supports and resistances:
0.4341 **
0.4298 *
0.4255 **
0.4213
0.4123 last
0.4094
0.4066 **
0.3995 *
0.3952 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-02-2023 at 09:20 UTC+1
Price reference: 0.4123 last known on 02-02-2023 at 09:20 UTC+1
Investment horizon: INTRADAY
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