Uniswap / Dollar intraday: the upside prevails as long as 5.98 is support

Our pivot point is at 5.98.

Our preference: the upside prevails as long as 5.98 is support.

Alternative scenario: the downside breakout of 5.98 would call for 5.79 and 5.68.

Comment: the RSI is above its neutrality area at 50. 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 6.07 and 6.06).

Supports and resistances:

6.73 **

6.62 *

6.50 **

6.39

6.16 last

6.06

5.98 **