0.5150 is our pivot point.
Our preference: rebound.
Alternative scenario: the downside breakout of 0.5150 would call for 0.5025 and 0.4951.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (0.5208) but below its 50 period moving average (0.5316).
Supports and resistances:
0.5643 **
0.5568 *
0.5494 **
0.5419
0.5255 last
0.5199
0.5150 **
0.5025 *
0.4951 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-03-2024 at 21:51 UTC+1
Price reference: 0.5255 last known on 10-03-2024 at 21:51 UTC+1
Investment horizon: INTRADAY
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