Chainlink / Dollar may rise to 12.21 - 12.37

Our pivot point stands at 11.68.

Our preference

As long as 11.68 is support look for 12.37.

Alternative scenario

The downside breakout of 11.68 would call for 11.42 and 11.26.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (11.90) but above its 50 period moving average (11.67).

Supports and resistances

12.69 **

12.53 *

12.37 **

12.21

11.89 last

11.79

11.68 **

11.42 *

11.26 **

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