Chainlink / Dollar may fall to 9.58 - 10.92

Our pivot point stands at 15.45.

Our preference

The downside prevails as long as 15.45 is resistance.

Alternative scenario

Above 15.45, look for 17.71 and 19.06.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 14.87 and 15.70).

Supports and resistances

19.06 **

17.71 *

15.45 **

14.56

13.65 last

10.92

9.58 **

8.24 *

6.89 **

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