Our preference: the upside prevails as long as 2.8 is support.
2.8 is our pivot point.
Our preference: the upside prevails as long as 2.8 is support.
Alternative scenario: the downside breakout of 2.8 would call for 2.7 and 2.6.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 2.8 and 2.8).
Supports and resistances:
3.0 **
3.0 *
3.0 **
2.9
2.8 last
2.8
2.8 **