Chainlink / Dollar may rise to 14.33 - 15.40

Our pivot point stands at 10.26.

Our preference

The upside prevails as long as 10.26 is support.

Alternative scenario

Below 10.26, expect 8.54 and 7.52.

Comment

The RSI is above 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 11.18 and 11.14). Finally, the Chainlink / Dollar has crossed above its upper Bollinger band (12.04).

Supports and resistances

17.54 **

16.47 *

15.40 **

14.33

12.10 last

10.93

10.26 **

8.54 *

7.52 **

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