0.3655 is our pivot point.
Our preference: the upside prevails as long as 0.3655 is support.
Alternative scenario: the downside breakout of 0.3655 would call for 0.3566 and 0.3514.
Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.3644 and 0.3497).
Supports and resistances:
0.4047 **
0.3994 *
0.3940 **
0.3887
0.3763 last
0.3690
0.3655 **
0.3566 *
0.3514 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 03-22-2023 at 02:44 UTC+1
Price reference: 0.3763 last known on 03-22-2023 at 02:44 UTC+1
Investment horizon: INTRADAY
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