Chainlink / Dollar may fall to 10.94 - 11.08

Our pivot point is at 11.57.

Our preference

Technical rebound towards 11.57 before a new drop.

Alternative scenario

Above 11.57, look for 11.82 and 11.96.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (11.31) but under its 50 period moving average (11.40).

Supports and resistances

11.96 **

11.82 *

11.57 **

11.48

11.38 last

11.08

10.94 **

10.79 *

10.65 **

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