Chainlink / Dollar may fall to 15.34 - 15.62

Our pivot point stands at 16.53.

Our preference

Target 15.34.

Alternative scenario

Above 16.53, look for 16.99 and 17.27.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (16.22) but above its 50 period moving average (16.11).

Supports and resistances

17.27 **

16.99 *

16.53 **

16.35

16.17 last

15.62

15.34 **

15.07 *

14.79 **

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