Chainlink / Dollar may rise to 17.46 - 18.95

Our pivot point is at 12.45.

Our preference

Rebound.

Alternative scenario

The downside breakout of 12.45 would call for 9.96 and 8.47.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (13.38) but under its 50 period moving average (14.85).

Supports and resistances

21.93 **

20.44 *

18.95 **

17.46

14.42 last

13.43

12.45 **

9.96 *

8.47 **

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