Date : 23 August 2021
Pivot point : 49146
Our preference : the upside prevails as long as 49146 is support.
Alternative scenario : below 49146, expect 47652 and 46763.
Comment : the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 49453 and 49139).
Supports and resistances :
50388 – Last price
Warning : This information isn’t a buy-sell signal.
Source : Trading Central
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