0.3759 is our pivot point.
Our preference: the upside prevails as long as 0.3759 is support.
Alternative scenario: below 0.3759, expect 0.3673 and 0.3622.
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 positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.3749 and 0.3681).
Supports and resistances:
0.4123 **
0.4072 *
0.4020 **
0.3968
0.3856 last
0.3793
0.3759 **
0.3673 *
0.3622 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-24-2024 at 21:53 UTC+1
Price reference: 0.3856 last known on 09-24-2024 at 21:53 UTC+1
Investment horizon: INTRADAY
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