Chainlink / Dollar may fall to 9.69 - 9.87

Our pivot point is at 10.52.

Our preference

As long as 10.52 is resistance look for 9.69.

Alternative scenario

Above 10.52, look for 10.82 and 11.

Comment

The RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price stands below its 20 and 50 period moving average (respectively at 10.28 and 10.31).

Supports and resistances

11.00 **

10.82 *

10.52 **

10.40

10.28 last

9.87

9.69 **

9.51 *

9.34 **

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