Chainlink / Dollar may rise to 12.88 - 13.10

Our pivot point is at 12.15.

Our preference

The upside prevails as long as 12.15 is support.

Alternative scenario

The downside breakout of 12.15 would call for 11.78 and 11.56.

Comment

The RSI is above 50. 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 12.24 and 12.11).

Supports and resistances

13.54 **

13.32 *

13.10 **

12.88

12.43 last

12.29

12.15 **

11.78 *

11.56 **

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