0.1466 is our pivot point.
Our preference: the upside prevails as long as 0.1466 is support.
Alternative scenario: below 0.1466, expect 0.1419 and 0.1391.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.1460 and 0.1398).
Supports and resistances:
0.1650 **
0.1622 *
0.1594 **
0.1565
0.1506 last
0.1484
0.1466 **
0.1419 *
0.1391 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 12-03-2025 at 08:45 UTC+1
Price reference: 0.1506 last known on 12-03-2025 at 08:45 UTC+1
Investment horizon: INTRADAY
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