Filecoin / Dollar intraday: the RSI is oversold

Our pivot point is at 2.5.

Our preference: the downside prevails as long as 2.5 is resistance.

Alternative scenario: above 2.5, look for 2.6 and 2.6.

Comment: the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2.5 and 2.5). Finally, the Filecoin / Dollar is trading below its lower Bollinger band (standing at 2.5).

Supports and resistances:

2.6 **

2.6 *

2.5 **

2.5

2.4 last

2.4

2.3 **