Our pivot point stands at 0.0686.
Our preference: look for a drop towards 0.0686 before a bounce.
Alternative scenario: below 0.0686, expect 0.0678 and 0.0673.
Comment: the RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI would call for further downside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.0692 and 0.0690).
Supports and resistances:
0.0721 **
0.0716 *
0.0711 **
0.0707
0.0695 last
0.0690
0.0686 **
0.0678 *
0.0673 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-30-2023 at 11:12 UTC+1
Price reference: 0.0695 last known on 10-30-2023 at 11:12 UTC+1
Investment horizon: INTRADAY
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