Chainlink / Dollar intraday: the downside prevails as long as 17.48 is resistance

17.48 is our pivot point.

Our preference: the downside prevails as long as 17.48 is resistance.

Alternative scenario: the upside breakout of 17.48, would call for 18.01 and 18.33.

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 17.25 and 17.26).

Supports and resistances:

18.33 **

18.01 *

17.48 **

17.27

17.03 last

16.37

16.05 **