Chainlink / Dollar may rise to 15.71 - 15.94

Our pivot point stands at 14.89.

Our preference

Our next up target stands at 15.94.

Alternative scenario

Below 14.89, expect 14.49 and 14.26.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 15.03 and 15.22). Finally, the Chainlink / Dollar is trading above its upper Bollinger band (standing at 15.23).

Supports and resistances

16.42 **

16.18 *

15.94 **

15.71

15.24 last

15.05

14.89 **

14.49 *

14.26 **

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