Chainlink / Dollar may fall to 10.05 - 10.19

Our pivot point stands at 10.69.

Our preference

The downside prevails as long as 10.69 is resistance.

Alternative scenario

Above 10.69, look for 10.93 and 11.07.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 10.62 and 10.59). Finally, the Chainlink / Dollar is trading below its lower Bollinger band (standing at 10.50).

Supports and resistances

11.07 **

10.93 *

10.69 **

10.60

10.49 last

10.19

10.05 **

9.92 *

9.78 **

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