Chainlink / Dollar may rise to 17.16 - 18.57

Our pivot point is at 12.42.

Our preference

Rebound towards 18.57.

Alternative scenario

The downside breakout of 12.42 would call for 10.05 and 8.64.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (14.18) but below its 50 period moving average (15.76).

Supports and resistances

21.40 **

19.99 *

18.57 **

17.16

14.29 last

13.35

12.42 **

10.05 *

8.64 **

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