Uniswap / Dollar intraday: target 6.09

Our pivot point stands at 6.68.

Our preference: target 6.09.

Alternative scenario: above 6.68, look for 6.88 and 7.00.

Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 6.45 and 6.43).

Supports and resistances:

7.00 **

6.88 *

6.68 **

6.60

6.45 last

6.21

6.09 **