Chainlink / Dollar may rise to 10.42 - 10.57

9.88 is our pivot point.

Our preference

The upside prevails as long as 9.88 is support.

Alternative scenario

The downside breakout of 9.88 would call for 9.63 and 9.48.

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 is trading above both its 20 and 50 period moving average (respectively at 10.01 and 9.84). Finally, the Chainlink / Dollar is trading above its upper Bollinger band (standing at 10.10).

Supports and resistances

10.87 **

10.72 *

10.57 **

10.42

10.12 last

9.98

9.88 **

9.63 *

9.48 **

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