Our pivot point is at 0.4863.
Our preference: the downside prevails as long as 0.4863 is resistance
Alternative scenario: above 0.4863, look for 0.4885 and 0.4898.
Comment: the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.4868 and 0.4882).
Supports and resistances:
0.4898 **
0.4885 *
0.4863 **
0.4855
0.4845 last
0.4813
0.4800 **
0.4787 *
0.4774 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 06-23-2025 at 06:45 UTC+1
Price reference: 0.4845 last known on 06-23-2025 at 06:45 UTC+1
Investment horizon: INTRADAY
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