Chainlink / Dollar may fall to 15.12 - 15.39

Our pivot point stands at 16.37.

Our preference

The downside prevails as long as 16.37 is resistance.

Alternative scenario

Above 16.37, look for 16.83 and 17.10.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 16.19 and 16.11). Finally, the Chainlink / Dollar has penetrated its lower Bollinger band (15.97).

Supports and resistances

17.10 **

16.83 *

16.37 **

16.19

15.95 last

15.39

15.12 **

14.84 *

14.57 **

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