Our pivot point stands at 0.1111.
Our preference: the downside prevails as long as 0.1111 is resistance.
Alternative scenario: the upside breakout of 0.1111, would call for 0.1140 and 0.1157.
Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.1117 and 0.1111).
Supports and resistances:
0.1157 **
0.1140 *
0.1111 **
0.1099
0.1085 last
0.1049
0.1032 **
0.1015 *
0.0997 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-08-2024 at 02:08 UTC+1
Price reference: 0.1085 last known on 10-08-2024 at 02:08 UTC+1
Investment horizon: INTRADAY
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