Chainlink / Dollar may fall to 14.89 - 15.13

Our pivot point stands at 16.34.

Our preference

Target 14.89.

Alternative scenario

Above 16.34, look for 16.75 and 17.

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 trading under its 20 period moving average (15.84) but above its 50 period moving average (15.41).

Supports and resistances

17.00 **

16.75 *

16.34 **

16.17

15.63 last

15.13

14.89 **

14.64 *

14.40 **

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