Alternative scenario: the downside breakout of 43820 would call for 42490 and 41700.
Our pivot point is at 43820.
Our preference: the upside prevails as long as 43820 is support.
Alternative scenario: below 43820, expect 42490 and 41700.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 44740 and 44666).
Supports and resistances:
48870 **
48070 *
47280 **
46490
44870 last
44350
43820 **
42490 *
41700 **
Our pivot point is at 43820.
Our preference: the upside prevails as long as 43820 is support.
Alternative scenario: below 43820, expect 42490 and 41700.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 44740 and 44666).
Supports and resistances:
48870 **
48070 *
47280 **
46490
44870 last
44350
43820 **
42490 *
41700 **
Trade closed: target reached
Accurate growth up to the analyzed range
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.