Our pivot point is at 0.1605.
Our preference: the downside prevails as long as 0.1605 is resistance.
Alternative scenario: the upside breakout of 0.1605, would call for 0.1654 and 0.1683.
Comment: the RSI is below its neutrality area at 50. 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 0.1572 and 0.1600).
Supports and resistances:
0.1683 **
0.1654 *
0.1605 **
0.1585
0.1559 last
0.1492
0.1463 **
0.1434 *
0.1405 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-07-2024 at 09:25 UTC+1
Price reference: 0.1559 last known on 05-07-2024 at 09:25 UTC+1
Investment horizon: INTRADAY
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