Our pivot point stands at 17.81.
Our preference: target 16.35.
Alternative scenario: the upside breakout of 17.81, would call for 18.35 and 18.68.
Comment: the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (17.45) but above its 50 period moving average (17.10). Finally, the Chainlink / Dollar is trading below its lower Bollinger band (standing at 17.33).
Supports and resistances:
18.68 **
18.35 *
17.81 **
17.59
17.32 last
16.68
16.35 **
16.03 *
15.71 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 10-20-2025 at 01:39 UTC+1
Price reference: 17.32 last known on 10-20-2025 at 01:39 UTC+1
Investment horizon: INTRADAY
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