Chainlink / Dollar may rise to 19.08 - 19.40

17.86 is our pivot point.

Our preference

As long as 17.86 is support look for 19.40.

Alternative scenario

The downside breakout of 17.86 would call for 17.34 and 17.02.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (18.64) but above its 50 period moving average (17.80). Finally, the Chainlink / Dollar has penetrated its lower Bollinger band (18.39).

Supports and resistances

20.03 **

19.71 *

19.40 **

19.08

18.35 last

18.06

17.86 **

17.34 *

17.02 **

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