0.1163 is our pivot point.
Our preference: the upside prevails as long as 0.1163 is support.
Alternative scenario: the downside breakout of 0.1163 would call for 0.1131 and 0.1112.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.1154 and 0.1132).
Supports and resistances:
0.1289 **
0.1270 *
0.1251 **
0.1232
0.1193 last
0.1176
0.1163 **
0.1131 *
0.1112 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 07-15-2024 at 12:18 UTC+1
Price reference: 0.1193 last known on 07-15-2024 at 12:18 UTC+1
Investment horizon: INTRADAY
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