Chainlink / Dollar may rise to 18.61 - 18.92

Our pivot point stands at 17.54.

Our preference

Rebound towards 18.92.

Alternative scenario

The downside breakout of 17.54 would call for 17.03 and 16.72.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (17.94) but under its 50 period moving average (18.16).

Supports and resistances

19.54 **

19.23 *

18.92 **

18.61

17.98 last

17.74

17.54 **

17.03 *

16.72 **

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