Chainlink / Dollar may fall to 9.44 - 9.59

Our pivot point stands at 10.15.

Our preference

Target 9.44.

Alternative scenario

Above 10.15, look for 10.40 and 10.55.

Comment

The RSI is below 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 below its 20 period moving average (9.99) but above its 50 period moving average (9.68).

Supports and resistances

10.55 **

10.40 *

10.15 **

10.05

9.88 last

9.59

9.44 **

9.29 *

9.15 **

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