Chainlink / Dollar may rise to 12.84 - 13.02

Our pivot point stands at 12.18.

Our preference

As long as 12.18 is support look for 13.02.

Alternative scenario

Below 12.18, expect 11.88 and 11.70.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 12.33 and 12.11).

Supports and resistances

13.38 **

13.20 *

13.02 **

12.84

12.42 last

12.29

12.18 **

11.88 *

11.70 **

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