Chainlink / Dollar may rise to 11.75 - 11.90

Our pivot point is at 11.24.

Our preference

Our next up target stands at 11.90.

Alternative scenario

Below 11.24, expect 10.99 and 10.84.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 11.27 and 11.38).

Supports and resistances

12.21 **

12.06 *

11.90 **

11.75

11.44 last

11.34

11.24 **

10.99 *

10.84 **

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