Chainlink / Dollar may rise to 18.52 - 18.83

Our pivot point stands at 17.34.

Our preference

Rebound towards 18.83.

Alternative scenario

The downside breakout of 17.34 would call for 16.83 and 16.53.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 17.90 and 18).

Supports and resistances

19.44 **

19.13 *

18.83 **

18.52

17.80 last

17.54

17.34 **

16.83 *

16.53 **

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