Chainlink / Dollar may fall to 14.98 - 15.24

Our pivot point is at 16.25.

Our preference

The downside prevails as long as 16.25 is resistance.

Alternative scenario

Above 16.25, look for 16.70 and 16.97.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 15.99 and 16.09).

Supports and resistances

16.97 **

16.70 *

16.25 **

16.07

15.88 last

15.24

14.98 **

14.71 *

14.44 **

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