Chainlink / Dollar may rise to 10.82 - 11.01

Our pivot point stands at 10.19.

Our preference

As long as 10.19 is support look for 11.01.

Alternative scenario

The downside breakout of 10.19 would call for 9.88 and 9.69.

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 10.41 and 10.20).

Supports and resistances

11.38 **

11.20 *

11.01 **

10.82

10.43 last

10.31

10.19 **

9.88 *

9.69 **

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