Chainlink / Dollar may rise to 10.79 - 10.98

10.16 is our pivot point.

Our preference

As long as 10.16 is support look for 10.98.

Alternative scenario

Below 10.16, expect 9.86 and 9.68.

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 under its 20 period moving average (10.46) but above its 50 period moving average (10.27).

Supports and resistances

11.34 **

11.16 *

10.98 **

10.79

10.42 last

10.28

10.16 **

9.86 *

9.68 **

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