Chainlink / Dollar may rise to 19.09 - 19.40

Our pivot point stands at 17.93.

Our preference

As long as 17.93 is support look for 19.40.

Alternative scenario

The downside breakout of 17.93 would call for 17.40 and 17.09.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 18.41 and 18.27).

Supports and resistances

20.03 **

19.72 *

19.40 **

19.09

18.44 last

18.13

17.93 **

17.40 *

17.09 **

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