Chainlink / Dollar may rise to 17.95 - 18.24

Our pivot point is at 16.97.

Our preference

The upside prevails as long as 16.97 is support.

Alternative scenario

Below 16.97, expect 16.49 and 16.21.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 17.15 and 17.14).

Supports and resistances

18.81 **

18.52 *

18.24 **

17.95

17.36 last

17.16

16.97 **

16.49 *

16.21 **

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