TRON / Dollar intraday: above its upper Bollinger band

Our pivot point is at 0.2652.

Our preference: the upside prevails as long as 0.2652 is support.

Alternative scenario: the downside breakout of 0.2652 would call for 0.2597 and 0.2564.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.2672 and 0.2656). Finally, the TRON / Dollar is trading above its upper Bollinger band (standing at 0.2695).

Supports and resistances:

0.2864 **

0.2832 *

0.2799 **

0.2766

0.2697 last

0.2674

0.2652 **