Our pivot point is at 0.1359.
Our preference: as long as 0.1359 is support look for 0.1467.
Alternative scenario: the downside breakout of 0.1359 would call for 0.1318 and 0.1294.
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 below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.1384 and 0.1335).
Supports and resistances:
0.1516 **
0.1492 *
0.1467 **
0.1443
0.1394 last
0.1375
0.1359 **
0.1318 *
0.1294 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-03-2025 at 00:34 UTC+1
Price reference: 0.1394 last known on 12-03-2025 at 00:34 UTC+1
Investment horizon: INTRADAY
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