Chainlink / Dollar may rise to 15.88 - 16.11

Our pivot point is at 14.97.

Our preference

The upside prevails as long as 14.97 is support.

Alternative scenario

The downside breakout of 14.97 would call for 14.57 and 14.33.

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 15.13 and 15.17).

Supports and resistances

16.59 **

16.35 *

16.11 **

15.88

15.29 last

15.12

14.97 **

14.57 *

14.33 **

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