Our preference: the downside prevails as long as 0.2471 is resistance.
0.2471 is our pivot point.
Our preference: the downside prevails as long as 0.2471 is resistance.
Alternative scenario: above 0.2471, look for 0.2520 and 0.2550.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.2442 and 0.2453).
Supports and resistances:
0.2550 **
0.2520 *
0.2471 **
0.2451
0.2431 last
0.2368
0.2338 **