Chainlink / Dollar may rise to 11.46 - 11.61

10.96 is our pivot point.

Our preference

The upside prevails as long as 10.96 is support.

Alternative scenario

The downside breakout of 10.96 would call for 10.71 and 10.56.

Comment

The RSI is above its neutrality area at 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 11.07 and 11.07).

Supports and resistances

11.91 **

11.76 *

11.61 **

11.46

11.16 last

11.06

10.96 **

10.71 *

10.56 **

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