TRON / Dollar intraday: the upside prevails as long as 0.2915 is support

Our pivot point is at 0.2915.

Our preference: the upside prevails as long as 0.2915 is support.

Alternative scenario: below 0.2915, expect 0.2877 and 0.2854.

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 0.2931 and 0.2918).

Supports and resistances:

0.3057 **

0.3034 *

0.3012 **

0.2990

0.2944 last

0.2929

0.2915 **