A very simple idea. The chainlink chart looks horrible, with clear distribution with three consecutive lower highs on the daily that are creating downward momentum and look like they're going to break the support.
The next clear support is the 5-dollar level that was prior resistance in 2020. It is inevitable that we go and test it as support eventually.
I am short and looking for a break of the support and a backtest as resistance. BTC breaking towards 15k should be enough to bring chainlink to 5 dollars
The next clear support is the 5-dollar level that was prior resistance in 2020. It is inevitable that we go and test it as support eventually.
I am short and looking for a break of the support and a backtest as resistance. BTC breaking towards 15k should be enough to bring chainlink to 5 dollars