Chainlink / Dollar may fall to 14.58 - 14.81

15.62 is our pivot point.

Our preference

The downside prevails as long as 15.62 is resistance.

Alternative scenario

The upside breakout of 15.62, would call for 16.02 and 16.25.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 15.48 and 15.76).

Supports and resistances

16.25 **

16.02 *

15.62 **

15.46

15.30 last

14.81

14.58 **

14.34 *

14.10 **

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