Chainlink / Dollar may fall to 13.39 - 13.60

Our pivot point stands at 14.38.

Our preference

The downside prevails as long as 14.38 is resistance.

Alternative scenario

Above 14.38, look for 14.73 and 14.94.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading above its 20 period moving average (14.10) but under its 50 period moving average (14.15).

Supports and resistances

14.94 **

14.73 *

14.38 **

14.24

14.10 last

13.60

13.39 **

13.18 *

12.97 **

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