Chainlink / Dollar may rise to 16.59 - 16.86

15.68 is our pivot point.

Our preference

The upside prevails as long as 15.68 is support.

Alternative scenario

The downside breakout of 15.68 would call for 15.22 and 14.95.

Comment

The RSI is above 50. 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 15.97 and 15.97).

Supports and resistances

17.41 **

17.14 *

16.86 **

16.59

16.05 last

15.86

15.68 **

15.22 *

14.95 **

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