Uniswap / Dollar intraday: above its upper Bollinger band

Our pivot point is at 8.90.

Our preference: the upside prevails as long as 8.90 is support.

Alternative scenario: below 8.90, expect 8.61 and 8.44.

Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 9.05 and 8.98). Finally, the Uniswap / Dollar is trading above its upper Bollinger band (standing at 9.15).

Supports and resistances:

10.04 **

9.87 *

9.70 **

9.52

9.18 last

9.01

8.90 **