Chainlink / Dollar may rise to 19.23 - 19.55

Our pivot point is at 18.11.

Our preference

The upside prevails as long as 18.11 is support.

Alternative scenario

The downside breakout of 18.11 would call for 17.58 and 17.27.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 18.39 and 18.10). Finally, the Chainlink / Dollar is trading above its upper Bollinger band (standing at 18.55).

Supports and resistances

20.18 **

19.87 *

19.55 **

19.23

18.56 last

18.32

18.11 **

17.58 *

17.27 **

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