0.5236 is our pivot point.
Our preference: eye 0.5003.
Alternative scenario: the upside breakout of 0.5236, would call for 0.5323 and 0.5375.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under its 20 period moving average (0.5177) but above its 50 period moving average (0.5147).
Supports and resistances:
0.5375 **
0.5323 *
0.5236 **
0.5202
0.5160 last
0.5055
0.5003 **
0.4952 *
0.4900 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.
Written on 11-01-2024 at 23:26 UTC+1
Price reference: 0.5160 last known on 11-01-2024 at 23:26 UTC+1
Investment horizon: INTRADAY
TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf