Chainlink / Dollar may rise to 10.19 - 10.34

9.66 is our pivot point.

Our preference

Rebound.

Alternative scenario

The downside breakout of 9.66 would call for 9.42 and 9.27.

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 call for further upside. Moreover, the price is trading above its 20 period moving average (9.61) but under its 50 period moving average (9.97). Finally, the Chainlink / Dollar is trading above its upper Bollinger band (standing at 9.85).

Supports and resistances

10.63 **

10.48 *

10.34 **

10.19

9.89 last

9.76

9.66 **

9.42 *

9.27 **

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