Polkadot / Dollar may fall to 5.92 - 6.01

Our pivot point is at 6.32.

Our preference

Eye 5.92.

Alternative scenario

Above 6.32, look for 6.47 and 6.56.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is below its 20 period moving average (6.21) but above its 50 period moving average (6.19). Finally, the Polkadot / Dollar has penetrated its lower Bollinger band (6.19).

Supports and resistances

6.56 **

6.47 *

6.32 **

6.26

6.19 last

6.01

5.92 **

5.84 *

5.75 **

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