Filecoin / Dollar intraday: the RSI is overbought

2.7 is our pivot point.

Our preference: the upside prevails as long as 2.7 is support.

Alternative scenario: the downside breakout of 2.7 would call for 2.6 and 2.5.

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 above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 2.6 and 2.6).

Supports and resistances:

2.9 **

2.9 *

2.8 **

2.8

2.7 last

2.7

2.7 **