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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.
