Chainlink / Dollar may fall to 11.90 - 12.10

12.82 is our pivot point.

Our preference

The downside prevails as long as 12.82 is resistance.

Alternative scenario

Above 12.82, look for 13.15 and 13.35.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 12.81 and 12.78). Finally, the Chainlink / Dollar has penetrated its lower Bollinger band (12.54).

Supports and resistances

13.35 **

13.15 *

12.82 **

12.69

12.51 last

12.10

11.90 **

11.70 *

11.50 **

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