Our pivot point stands at 0.2840.
Our preference: the upside prevails as long as 0.2840 is support.
Alternative scenario: the downside breakout of 0.2840 would call for 0.2808 and 0.2790.
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 0.2846 and 0.2821).
Supports and resistances:
0.2961 **
0.2942 *
0.2923 **
0.2905
0.2867 last
0.2852
0.2840 **
0.2808 *
0.2790 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-05-2025 at 03:21 UTC+1
Price reference: 0.2867 last known on 12-05-2025 at 03:21 UTC+1
Investment horizon: INTRADAY
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