Chainlink / Dollar may fall to 11.47 - 11.68

Our pivot point is at 12.44.

Our preference

Under pressure below 12.44.

Alternative scenario

Above 12.44, look for 12.80 and 13.01.

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 both its 20 and 50 period moving average (respectively at 12.17 and 12.16).

Supports and resistances

13.01 **

12.80 *

12.44 **

12.30

12.15 last

11.68

11.47 **

11.26 *

11.05 **

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