Chainlink / Dollar may rise to 10.60 - 10.78

Our pivot point stands at 10.00.

Our preference

Rebound towards 10.78.

Alternative scenario

The downside breakout of 10 would call for 9.70 and 9.52.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (10.21) but under its 50 period moving average (10.34).

Supports and resistances

11.14 **

10.96 *

10.78 **

10.60

10.24 last

10.12

10.00 **

9.70 *

9.52 **

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