TRON / Dollar intraday: above its upper Bollinger band

Our pivot point stands at 0.2771.

Our preference: the upside prevails as long as 0.2771 is support.

Alternative scenario: below 0.2771, expect 0.2741 and 0.2724.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 0.2790 and 0.2790). Finally, the TRON / Dollar has crossed above its upper Bollinger band (0.2797).

Supports and resistances:

0.2888 **

0.2870 *

0.2852 **

0.2835

0.2799 last

0.2783

0.2771 **