Chainlink / Dollar ST: rebound towards 17.89

Our pivot point is at 11.19.

Our preference: rebound towards 17.89.

Alternative scenario: the downside breakout of 11.19 would call for 8.75 and 7.30.

Comment: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (13.09) but under its 50 period moving average (14.30).

Supports and resistances:

20.86 **

19.38 *

17.89 **

16.40

13.20 last

12.14

11.19 **