Chainlink / Dollar may rise to 13.46 - 13.64

Our pivot point is at 12.80.

Our preference

The upside prevails as long as 12.80 is support.

Alternative scenario

Below 12.80, expect 12.49 and 12.30.

Comment

The RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 12.77 and 12.53).

Supports and resistances

14.02 **

13.83 *

13.64 **

13.46

13.07 last

12.92

12.80 **

12.49 *

12.30 **

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