Filecoin / Dollar intraday: the upside prevails as long as 5 is support

5.0 is our pivot point.

Our preference: the upside prevails as long as 5 is support.

Alternative scenario: below 5.0, expect 4.8 and 4.7.

Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 4.9 and 4.9).

Supports and resistances:

5.6 **

5.5 *

5.4 **

5.3

5.1 last

5.0

5.0 **