Our pivot point stands at 23.31.
Our preference: the downside prevails as long as 23.31 is resistance.
Alternative scenario: the upside breakout of 23.31, would call for 24.02 and 24.45.
Comment: the RSI is below 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 23.22 and 22.91). Finally, the Chainlink / Dollar has penetrated its lower Bollinger band (22.81).
Supports and resistances:
24.45 **
24.02 *
23.31 **
23.03
22.75 last
21.80
21.37 **
20.95 *
20.53 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-02-2025 at 15:04 UTC+1
Price reference: 22.75 last known on 09-02-2025 at 15:04 UTC+1
Investment horizon: INTRADAY
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