Our pivot point stands at 0.3413.
Our preference: the upside prevails as long as 0.3413 is support.
Alternative scenario: the downside breakout of 0.3413 would call for 0.3318 and 0.3262.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.3477 and 0.3492).
Supports and resistances:
0.3779 **
0.3723 *
0.3666 **
0.3610
0.3497 last
0.3450
0.3413 **
0.3318 *
0.3262 **
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 08-31-2024 at 08:50 UTC+1
Price reference: 0.3497 last known on 08-31-2024 at 08:50 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