Filecoin / Dollar intraday: the RSI is oversold

2.4 is our pivot point.

Our preference: the downside prevails as long as 2.4 is resistance.

Alternative scenario: above 2.4, look for 2.4 and 2.5.

Comment: the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 2.4 and 2.4). Finally, the Filecoin / Dollar has penetrated its lower Bollinger band (2.3).

Supports and resistances:

2.5 **

2.4 *

2.4 **

2.4

2.3 last

2.3

2.2 **