Chainlink / Dollar may rise to 10.83 - 10.97

Our pivot point is at 10.34.

Our preference

Rebound towards 10.97.

Alternative scenario

The downside breakout of 10.34 would call for 10.10 and 9.97.

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 10.56 and 10.69).

Supports and resistances

11.25 **

11.11 *

10.97 **

10.83

10.55 last

10.43

10.34 **

10.10 *

9.97 **

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