Chainlink / Dollar may fall to 14.22 - 14.45

15.26 is our pivot point.

Our preference

Under pressure below 15.26.

Alternative scenario

Above 15.26, look for 15.64 and 15.88.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 15.09 and 14.95). Finally, the Chainlink / Dollar has penetrated its lower Bollinger band (14.98).

Supports and resistances

15.88 **

15.64 *

15.26 **

15.10

14.95 last

14.45

14.22 **

13.99 *

13.76 **

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