Chainlink / Dollar may rise to 10.93 - 11.08

Our pivot point stands at 10.42.

Our preference

Rebound towards 11.08.

Alternative scenario

Below 10.42, expect 10.18 and 10.04.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 10.69 and 10.84). Finally, the Chainlink / Dollar is trading below its lower Bollinger band (standing at 10.61).

Supports and resistances

11.36 **

11.22 *

11.08 **

10.93

10.61 last

10.51

10.42 **

10.18 *

10.04 **

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