Chainlink / Dollar may rise to 13.99 - 14.19

Our pivot point is at 13.22.

Our preference

The upside prevails as long as 13.22 is support.

Alternative scenario

Below 13.22, expect 12.89 and 12.70.

Comment

The RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 13.16 and 13.27). Finally, the Chainlink / Dollar has crossed above its upper Bollinger band (13.49).

Supports and resistances

14.58 **

14.39 *

14.19 **

13.99

13.59 last

13.35

13.22 **

12.89 *

12.70 **

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