Chainlink / Dollar may fall to 13.57 - 13.77

Our pivot point stands at 14.58.

Our preference

Under pressure below 14.58.

Alternative scenario

Above 14.58, look for 14.93 and 15.13.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 14.33 and 14.33).

Supports and resistances

15.13 **

14.93 *

14.58 **

14.44

14.20 last

13.77

13.57 **

13.36 *

13.16 **

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