Chainlink / Dollar may fall to 9.78 - 9.96

Our pivot point stands at 10.57.

Our preference

Eye 9.78.

Alternative scenario

Above 10.57, look for 10.87 and 11.06.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under its 20 period moving average (10.36) but above its 50 period moving average (10.30).

Supports and resistances

11.06 **

10.87 *

10.57 **

10.45

10.33 last

9.96

9.78 **

9.60 *

9.41 **

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