Chainlink / Dollar may rise to 14.23 - 14.44

Our pivot point stands at 13.42.

Our preference

Rebound towards 14.44.

Alternative scenario

The downside breakout of 13.42 would call for 13.07 and 12.87.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 13.85 and 14.03). Finally, the Chainlink / Dollar is trading below its lower Bollinger band (standing at 13.72).

Supports and resistances

14.85 **

14.64 *

14.44 **

14.23

13.72 last

13.55

13.42 **

13.07 *

12.87 **

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