TRON / Dollar intraday: the upside prevails as long as 0.3551 is support

Our pivot point is at 0.3551.

Our preference: the upside prevails as long as 0.3551 is support.

Alternative scenario: below 0.3551, expect 0.3517 and 0.3496.

Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). 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 0.3563 and 0.3530).

Supports and resistances:

0.3694 **

0.3673 *

0.3653 **

0.3632

0.3590 last

0.3565

0.3551 **