Chainlink / Dollar may fall to 13.05 - 13.25

Our pivot point stands at 14.03.

Our preference

Technical rebound towards 14.03 before a new drop.

Alternative scenario

The upside breakout of 14.03, would call for 14.38 and 14.58.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (13.62) but below its 50 period moving average (13.68).

Supports and resistances

14.58 **

14.38 *

14.03 **

13.90

13.66 last

13.25

13.05 **

12.85 *

12.64 **

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