Chainlink / Dollar may rise to 11.33 - 11.48

Our pivot point stands at 10.82.

Our preference

The upside prevails as long as 10.82 is support.

Alternative scenario

The downside breakout of 10.82 would call for 10.57 and 10.42.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 10.74 and 10.83). Finally, the Chainlink / Dollar has crossed above its upper Bollinger band (10.95).

Supports and resistances

11.77 **

11.63 *

11.48 **

11.33

11.02 last

10.91

10.82 **

10.57 *

10.42 **

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