Chainlink / Dollar may rise to 14.73 - 14.93

Our pivot point stands at 14.02.

Our preference

As long as 14.02 is support look for 14.93.

Alternative scenario

The downside breakout of 14.02 would call for 13.68 and 13.47.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 14.22 and 13.85).

Supports and resistances

15.34 **

15.14 *

14.93 **

14.73

14.29 last

14.15

14.02 **

13.68 *

13.47 **

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