Chainlink / Dollar may rise to 10.59 - 10.77

Our pivot point stands at 9.94.

Our preference

Our next up target stands at 10.77.

Alternative scenario

The downside breakout of 9.94 would call for 9.63 and 9.45.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 10.14 and 10.18).

Supports and resistances

11.13 **

10.95 *

10.77 **

10.59

10.22 last

10.06

9.94 **

9.63 *

9.45 **

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