Chainlink / Dollar may fall to 13.67 - 13.88

Our pivot point stands at 14.65.

Our preference

Target 13.67.

Alternative scenario

Above 14.65, look for 15.00 and 15.20.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (14.37) but above its 50 period moving average (14.15). Finally, the Chainlink / Dollar has penetrated its lower Bollinger band (14.30).

Supports and resistances

15.20 **

15.00 *

14.65 **

14.52

14.28 last

13.88

13.67 **

13.47 *

13.27 **

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