Our preference: as long as 0.2816 is support look for 0.2903.
Our pivot point is at 0.2816.
Our preference: as long as 0.2816 is support look for 0.2903.
Alternative scenario: the downside breakout of 0.2816 would call for 0.2786 and 0.2768.
Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (0.2843) but above its 50 period moving average (0.2826).
Supports and resistances:
0.2939 **
0.2921 *
0.2903 **
0.2885
0.2840 last
0.2828
0.2816 **