Our pivot point is at 0.3329.
Our preference: the upside prevails as long as 0.3329 is support.
Alternative scenario: the downside breakout of 0.3329 would call for 0.3240 and 0.3187.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.3399 and 0.3386).
Supports and resistances:
0.3673 **
0.3619 *
0.3566 **
0.3513
0.3404 last
0.3365
0.3329 **
0.3240 *
0.3187 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-14-2024 at 08:51 UTC+1
Price reference: 0.3404 last known on 08-14-2024 at 08:51 UTC+1
Investment horizon: INTRADAY
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