Our pivot point is at 0.2349.
Our preference: the downside prevails as long as 0.2349 is resistance.
Alternative scenario: the upside breakout of 0.2349, would call for 0.2421 and 0.2463.
Comment: the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 0.2320 and 0.2330).
Supports and resistances:
0.2463 **
0.2421 *
0.2349 **
0.2320
0.2286 last
0.2201
0.2158 **
0.2115 *
0.2073 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 09-04-2025 at 08:54 UTC+1
Price reference: 0.2286 last known on 09-04-2025 at 08:54 UTC+1
Investment horizon: INTRADAY
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