0.0620 is our pivot point.
Our preference: the downside prevails as long as 0.0620 is resistance.
Alternative scenario: the upside breakout of 0.0620, would call for 0.0631 and 0.0638.
Comment: the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (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 0.0656 and 0.0678).
Supports and resistances:
0.0638 **
0.0631 *
0.0620 **
0.0615
0.0609 last
0.0595
0.0588 **
0.0581 *
0.0575 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-18-2023 at 02:43 UTC+1
Price reference: 0.0609 last known on 08-18-2023 at 02:43 UTC+1
Investment horizon: INTRADAY
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