Chainlink / Dollar may rise to 16.35 - 16.62

Our pivot point is at 15.45.

Our preference

Rebound towards 16.62.

Alternative scenario

Below 15.45, expect 15.00 and 14.73.

Comment

The RSI is below its neutrality area at 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 15.87 and 16.12).

Supports and resistances

17.16 **

16.89 *

16.62 **

16.35

15.81 last

15.63

15.45 **

15.00 *

14.73 **

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