Chainlink / Dollar may rise to 13.10 - 14.38

Our pivot point is at 8.54.

Our preference

Rebound towards 14.38.

Alternative scenario

The downside breakout of 8.54 would call for 6.46 and 5.23.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 10.55 and 12.26).

Supports and resistances

16.94 **

15.66 *

14.38 **

13.10

10.47 last

9.35

8.54 **

6.46 *

5.23 **

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