Chainlink / Dollar may rise to 13.56 - 13.77

12.64 is our pivot point.

Our preference

As long as 12.64 is support look for 13.77.

Alternative scenario

The downside breakout of 12.64 would call for 12.29 and 12.09.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 13.07 and 13.03).

Supports and resistances

14.19 **

13.98 *

13.77 **

13.56

13.09 last

12.77

12.64 **

12.29 *

12.09 **

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