Polkadot / Dollar intraday: rebound towards 3.71

Our pivot point is at 3.47.

Our preference: rebound towards 3.71.

Alternative scenario: the downside breakout of 3.47 would call for 3.38 and 3.32.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (3.54) but below its 50 period moving average (3.57).

Supports and resistances:

3.82 **

3.76 *

3.71 **

3.65

3.54 last

3.50

3.47 **