Synthesis
Our pivot point is at : 10.02.
Our preference : bearish below 10.02.
Alternative scenario : the overflow of 10.02 will validate an increase on 10.62 and 10.97.
Comment
The RSI is below its neutral zone of 50. The MACD is negative and below its signal line. The setup is bearish. Additionally, prices are below their 20 and 50 moving averages (located at 10.2176 and 11.0664 respectively).
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Neutral | Prices as of 03/21 | 9.50 |
| Basic trend | Bearish | Pivot | 10.02 |
| Bracket 1 | 8.37 | Additional distance 1 | – 1.13 |
| Bracket 2 | 8.02 | Additional distance 2 | – 1.48 |
| Resistance 1 | 10.02 | Additional variation 1 | -11.90% |
| Resistance 2 | 10.62 | Additional variation 2 | -15.58% |
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