Chainlink / Dollar may rise to 21.23 - 23.20

Our pivot point is at 14.58.

Our preference

The upside prevails as long as 14.58 is support.

Alternative scenario

The downside breakout of 14.58 would call for 11.30 and 9.35.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 14.64 and 15.06).

Supports and resistances

27.13 **

25.17 *

23.20 **

21.23

17.20 last

15.87

14.58 **

11.30 *

9.35 **

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