Chainlink / Dollar may rise to 10.92 - 11.11

Our pivot point is at 10.27.

Our preference

As long as 10.27 is support look for 11.11.

Alternative scenario

The downside breakout of 10.27 would call for 9.96 and 9.77.

Comment

The RSI is above 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 (10.59) but above its 50 period moving average (10.43).

Supports and resistances

11.49 **

11.30 *

11.11 **

10.92

10.55 last

10.40

10.27 **

9.96 *

9.77 **

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