Our pivot point is at 0.0962.
Our preference: the upside prevails as long as 0.0962 is support.
Alternative scenario: below 0.0962, expect 0.0940 and 0.0927.
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 positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.0942 and 0.0895).
Supports and resistances:
0.1074 **
0.1060 *
0.1047 **
0.1034
0.0992 last
0.0970
0.0962 **
0.0940 *
0.0927 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 02-27-2024 at 22:24 UTC+1
Price reference: 0.0992 last known on 02-27-2024 at 22:24 UTC+1
Investment horizon: INTRADAY
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