Chainlink / Dollar may fall to 7.95 - 8.96

Our pivot point is at 12.65.

Our preference

The downside prevails as long as 12.65 is resistance.

Alternative scenario

Above 12.65, look for 14.39 and 15.43.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 11.58 and 11.16).

Supports and resistances

15.43 **

14.39 *

12.65 **

11.96

11.06 last

8.96

7.95 **

6.94 *

5.93 **

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