Chainlink / Dollar may rise to 15.34 - 15.58

14.55 is our pivot point.

Our preference

Our next up target stands at 15.58.

Alternative scenario

The downside breakout of 14.55 would call for 14.16 and 13.93.

Comment

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 14.77 and 14.87).

Supports and resistances

16.04 **

15.81 *

15.58 **

15.34

14.88 last

14.70

14.55 **

14.16 *

13.93 **

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