TRON / Dollar intraday: rebound

Our pivot point stands at 0.2686.

Our preference: rebound.

Alternative scenario: the downside breakout of 0.2686 would call for 0.2630 and 0.2597.

Comment: the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (0.2722) but below its 50 period moving average (0.2732).

Supports and resistances:

0.2899 **

0.2866 *

0.2832 **

0.2799

0.2730 last

0.2708

0.2686 **