Chainlink / Dollar may fall to 13.01 - 13.21

Our pivot point stands at 13.88.

Our preference

The downside prevails as long as 13.88 is resistance.

Alternative scenario

The upside breakout of 13.88, would call for 14.21 and 14.41.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 13.67 and 13.77).

Supports and resistances

14.41 **

14.21 *

13.88 **

13.75

13.60 last

13.21

13.01 **

12.81 *

12.62 **

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