Our preference: the upside prevails as long as 0.2705 is support.
Our pivot point stands at 0.2705.
Our preference: the upside prevails as long as 0.2705 is support.
Alternative scenario: the downside breakout of 0.2705 would call for 0.2674 and 0.2655.
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 0.2724 and 0.2729).
Supports and resistances:
0.2831 **
0.2812 *
0.2793 **
0.2774
0.2736 last
0.2718
0.2705 **