Chainlink / Dollar may rise to 10.55 - 10.73

Our pivot point stands at 9.93.

Our preference

Rebound towards 10.73.

Alternative scenario

The downside breakout of 9.93 would call for 9.62 and 9.44.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (10.14) but below its 50 period moving average (10.33).

Supports and resistances

11.09 **

10.91 *

10.73 **

10.55

10.18 last

10.05

9.93 **

9.62 *

9.44 **

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