Our pivot point stands at 0.1780.
Our preference: as long as 0.1780 is support look for 0.1975.
Alternative scenario: below 0.1780, expect 0.1740 and 0.1716.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.1850 and 0.1686).
Supports and resistances:
0.2026 **
0.2001 *
0.1975 **
0.1950
0.1861 last
0.1796
0.1780 **
0.1740 *
0.1716 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 03-05-2024 at 16:12 UTC+1
Price reference: 0.1861 last known on 03-05-2024 at 16:12 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf