Chainlink / Dollar may fall to 10.75 - 12.46

Our pivot point stands at 18.15.

Our preference

Target 10.75.

Alternative scenario

The upside breakout of 18.15, would call for 21.02 and 22.73.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (17.38) but above its 50 period moving average (15.67).

Supports and resistances

22.73 **

21.02 *

18.15 **

17.03

15.88 last

12.46

10.75 **

9.05 *

7.35 **

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