Our pivot point stands at 0.0885.
Our preference: under pressure below 0.0885.
Alternative scenario: above 0.0885, look for 0.0904 and 0.0915.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.0883 and 0.0865).
Supports and resistances:
0.0915 **
0.0904 *
0.0885 **
0.0877
0.0862 last
0.0838
0.0826 **
0.0815 *
0.0804 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-20-2024 at 10:51 UTC+1
Price reference: 0.0862 last known on 02-20-2024 at 10:51 UTC+1
Investment horizon: INTRADAY
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