Polkadot / Dollar may rise to 6.55 - 6.64

Our pivot point is at 6.22.

Our preference

Look for a drop towards 6.22 before a bounce.

Alternative scenario

Below 6.22, expect 6.07 and 5.98.

Comment

The RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is below its 20 period moving average (6.39) but above its 50 period moving average (6.36).

Supports and resistances

6.82 **

6.73 *

6.64 **

6.55

6.37 last

6.28

6.22 **

6.07 *

5.98 **

Number of asterisks represents the strength of support and resistance levels.