Our pivot point stands at 0.1435.
Our preference: the upside prevails as long as 0.1435 is support.
Alternative scenario: below 0.1435, expect 0.1389 and 0.1361.
Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). 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 0.1432 and 0.1387).
Supports and resistances:
0.1615 **
0.1587 *
0.1560 **
0.1532
0.1472 last
0.1453
0.1435 **
0.1389 *
0.1361 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-03-2025 at 04:08 UTC+1
Price reference: 0.1472 last known on 12-03-2025 at 04:08 UTC+1
Investment horizon: INTRADAY
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