Chainlink / Dollar may rise to 17.65 - 17.93

16.72 is our pivot point.

Our preference

Rebound towards 17.93.

Alternative scenario

The downside breakout of 16.72 would call for 16.24 and 15.96.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 17.10 and 17.26).

Supports and resistances

18.50 **

18.22 *

17.93 **

17.65

17.09 last

16.90

16.72 **

16.24 *

15.96 **

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