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Uniswap / Dollar intraday: as long as 6.17 is support look for 6.71

Trading Central 2025-05-09 21:09:05

The price could retrace.

6.17 is our pivot point.

Our preference: as long as 6.17 is support look for 6.71.

Alternative scenario: the downside breakout of 6.17 would call for 5.98 and 5.86.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 6.34 and 5.97).

Supports and resistances:

6.94 **

6.83 *

6.71 **

6.59

6.36 last

6.25

6.17 **