Chainlink / Dollar may rise to 16.01 - 16.25

Our pivot point stands at 15.08.

Our preference

Rebound towards 16.25.

Alternative scenario

Below 15.08, expect 14.68 and 14.44.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (15.47) but below its 50 period moving average (15.76).

Supports and resistances

16.73 **

16.49 *

16.25 **

16.01

15.51 last

15.23

15.08 **

14.68 *

14.44 **

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