Chainlink / Dollar may rise to 17.31 - 17.58

Our pivot point stands at 16.36.

Our preference

Rebound.

Alternative scenario

Below 16.36, expect 15.90 and 15.63.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 16.76 and 16.78).

Supports and resistances

18.13 **

17.86 *

17.58 **

17.31

16.76 last

16.55

16.36 **

15.90 *

15.63 **

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