Our pivot point stands at 0.0822.
Our preference: as long as 0.0822 is support look for 0.0869.
Alternative scenario: the downside breakout of 0.0822 would call for 0.0804 and 0.0793.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.0829 and 0.0817).
Supports and resistances:
0.0890 **
0.0880 *
0.0869 **
0.0858
0.0836 last
0.0829
0.0822 **
0.0804 *
0.0793 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-01-2023 at 04:23 UTC+1
Price reference: 0.0836 last known on 12-01-2023 at 04:23 UTC+1
Investment horizon: INTRADAY
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