Cryptocurrency

Chainlink / Dollar may rise to 16.09 - 16.33

2024-06-11

15.26 is our pivot point.

Our preference

Rebound towards 16.33.

Alternative scenario

Below 15.26, expect 14.85 and 14.61.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 15.67 and 15.84).

Supports and resistances

16.81 **

16.57 *

16.33 **

16.09

15.60 last

15.42

15.26 **

14.85 *

14.61 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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