Filecoin / Dollar intraday: below its lower Bollinger band

Our pivot point stands at 1.6.

Our preference: target 1.4.

Alternative scenario: above 1.6, look for 1.7 and 1.7.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (1.6) but above its 50 period moving average (1.6). Finally, the Filecoin / Dollar is trading below its lower Bollinger band (standing at 1.6).

Supports and resistances:

1.7 **

1.7 *

1.6 **

1.6

1.6 last

1.5

1.4 **