Chainlink / Dollar may rise to 14.04 - 14.24

Our pivot point is at 13.38.

Our preference

Our next up target stands at 14.24.

Alternative scenario

The downside breakout of 13.38 would call for 13.05 and 12.85.

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 trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 13.58 and 13.63).

Supports and resistances

14.63 **

14.44 *

14.24 **

14.04

13.65 last

13.51

13.38 **

13.05 *

12.85 **

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