Chainlink / Dollar may rise to 17.66 - 17.94

16.73 is our pivot point.

Our preference

Rebound.

Alternative scenario

Below 16.73, expect 16.25 and 15.97.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (17.06) but below its 50 period moving average (17.14).

Supports and resistances

18.50 **

18.22 *

17.94 **

17.66

17.10 last

16.91

16.73 **

16.25 *

15.97 **

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