Chainlink / Dollar may fall to 13.89 - 14.10

Our pivot point is at 14.91.

Our preference

Target 13.89.

Alternative scenario

The upside breakout of 14.91, would call for 15.26 and 15.46.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (14.60) but above its 50 period moving average (14.46).

Supports and resistances

15.46 **

15.26 *

14.91 **

14.77

14.51 last

14.10

13.89 **

13.68 *

13.47 **

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