Chainlink / Dollar may rise to 12.14 - 12.29

Our pivot point stands at 11.61.

Our preference

The upside prevails as long as 11.61 is support.

Alternative scenario

Below 11.61, expect 11.36 and 11.21.

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 above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 11.56 and 11.45). Finally, the Chainlink / Dollar has crossed above its upper Bollinger band (11.83).

Supports and resistances

12.59 **

12.44 *

12.29 **

12.14

11.84 last

11.71

11.61 **

11.36 *

11.21 **

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