Chainlink / Dollar may fall to 9.50 - 9.65

Our pivot point stands at 10.19.

Our preference

Technical rebound towards 10.19 before a new drop.

Alternative scenario

The upside breakout of 10.19, would call for 10.44 and 10.59.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (9.68) but below its 50 period moving average (9.95).

Supports and resistances

10.59 **

10.44 *

10.19 **

10.09

9.95 last

9.65

9.50 **

9.35 *

9.21 **

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