Chainlink / Dollar may rise to 11.59 - 11.79

Our pivot point stands at 10.92.

Our preference

Rebound towards 11.79.

Alternative scenario

The downside breakout of 10.92 would call for 10.58 and 10.38.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 11.25 and 11.53).

Supports and resistances

12.19 **

11.99 *

11.79 **

11.59

11.19 last

11.05

10.92 **

10.58 *

10.38 **

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