0.2608 is our pivot point.
Our preference: the downside prevails as long as 0.2608 is resistance.
Alternative scenario: above 0.2608, look for 0.2672 and 0.2710.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.2662 and 0.2720).
Supports and resistances:
0.2710 **
0.2672 *
0.2608 **
0.2583
0.2552 last
0.2476
0.2438 **
0.2400 *
0.2363 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-18-2023 at 02:41 UTC+1
Price reference: 0.2552 last known on 08-18-2023 at 02:41 UTC+1
Investment horizon: INTRADAY
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