Our pivot point stands at 0.1975.
Our preference: target 0.1821.
Alternative scenario: above 0.1975, look for 0.2027 and 0.2058.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (0.1948) but above its 50 period moving average (0.1885).
Supports and resistances:
0.2058 **
0.2027 *
0.1975 **
0.1954
0.1923 last
0.1852
0.1821 **
0.1791 *
0.1760 **
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 11-07-2024 at 10:50 UTC+1
Price reference: 0.1923 last known on 11-07-2024 at 10:50 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