Chainlink / Dollar may rise to 15.59 - 15.83

14.76 is our pivot point.

Our preference

As long as 14.76 is support look for 15.83.

Alternative scenario

The downside breakout of 14.76 would call for 14.37 and 14.13.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (15.10) but above its 50 period moving average (14.93).

Supports and resistances

16.30 **

16.06 *

15.83 **

15.59

15.07 last

14.91

14.76 **

14.37 *

14.13 **

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