Synthesis
Pivot point : 8070.00
Our preference : long position above 8070.00 with targets at 8330.00 & 8440.00 in extension.
Alternative scenario : in case of a break of 8070.00, a continuation of the decline will be possible with 7970.00 & 7890.00 in sight.
Comment
The RSI is mixed with a bullish bias.
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Positive | Prices on 10/05 | 8,243.99 |
| Basic trend | Bullish | Pivot | 8,070.00 |
| Bracket 1 | 8,070.00 | Additional distance 1 | 86.01 |
| Bracket 2 | 7,970.00 | Additional distance 2 | 196.01 |
| Resistance 1 | 8,330.00 | Additional variation 1 | +1.04% |
| Resistance 2 | 8,440.00 | Additional variation 2 | +2.38% |
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