Chainlink / Dollar may rise to 16.73 - 17.01

Our pivot point stands at 15.77.

Our preference

The upside prevails as long as 15.77 is support.

Alternative scenario

Below 15.77, expect 15.31 and 15.04.

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 16.04 and 15.99). Finally, the Chainlink / Dollar has crossed above its upper Bollinger band (16.16).

Supports and resistances

17.56 **

17.28 *

17.01 **

16.73

16.18 last

15.96

15.77 **

15.31 *

15.04 **

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