Chainlink / Dollar may fall to 13.91 - 14.14

Our pivot point is at 15.00.

Our preference

The downside prevails as long as 15 is resistance.

Alternative scenario

Above 15, look for 15.39 and 15.61.

Comment

The RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 14.87 and 14.96).

Supports and resistances

15.61 **

15.39 *

15.00 **

14.85

14.60 last

14.14

13.91 **

13.69 *

13.46 **

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