Chainlink / Dollar may rise to 18.09 - 18.38

Our pivot point stands at 17.06.

Our preference

As long as 17.06 is support look for 18.38.

Alternative scenario

Below 17.06, expect 16.56 and 16.27.

Comment

The RSI is above 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 (17.50) but above its 50 period moving average (17.41).

Supports and resistances

18.98 **

18.68 *

18.38 **

18.09

17.48 last

17.26

17.06 **

16.56 *

16.27 **

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