Chainlink / Dollar may fall to 13.49 - 13.70

Our pivot point is at 14.42.

Our preference

The downside prevails as long as 14.42 is resistance.

Alternative scenario

The upside breakout of 14.42, would call for 14.77 and 14.97.

Comment

The RSI is below 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 14.28 and 14.29).

Supports and resistances

14.97 **

14.77 *

14.42 **

14.29

14.15 last

13.70

13.49 **

13.29 *

13.08 **

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