Chainlink technical chart indicates a bullish
momentum on weekly charts. LINK price is at the end of the third impulse Elliot wave
, and it can see a downtrend hereafter. If the price went down below $31.5, then a down surge can be seen. On Coming to the shorter time frame of the 4-hour chart, the price is inside the upwards parallel channel
. If the price jumps 10% above the parallel channel
, its next destination could be $40.00.
Kindly comment your thoughts below