Chainlink / Dollar may rise to 11.79 - 11.99

Our pivot point stands at 11.10.

Our preference

As long as 11.10 is support look for 11.99.

Alternative scenario

Below 11.10, expect 10.77 and 10.57.

Comment

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 11.24 and 10.74).

Supports and resistances

12.39 **

12.19 *

11.99 **

11.79

11.37 last

11.24

11.10 **

10.77 *

10.57 **

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