Chainlink / Dollar may fall to 17.06 - 17.37

18.63 is our pivot point.

Our preference

Target 17.06.

Alternative scenario

The upside breakout of 18.63, would call for 19.15 and 19.47.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (18.54) but above its 50 period moving average (17.91).

Supports and resistances

19.47 **

19.15 *

18.63 **

18.43

18.17 last

17.37

17.06 **

16.76 *

16.45 **

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