Chanlink(LINK): Looking For Rejection Near Resistance
Chainlink has broken EMAs with a strong burst, which seems like good momentum to touch that upper resistance zone.
From there on, we are going to see a nice rejection and a potential movement towards EMAs as a re-test, but we might also see a cup and handle pattern, so eyes open!
Swallow Team
From there on, we are going to see a nice rejection and a potential movement towards EMAs as a re-test, but we might also see a cup and handle pattern, so eyes open!
Swallow Team
Comment:
Chainlink has had a small bounce from EMAs after a nice rejection in the upper zones.
We might see some movement in the upper zones towards that green line, but overall, we are looking for a downward movement here!
If the green line is broken and secured, we will see movement to the upper resistance.
We might see some movement in the upper zones towards that green line, but overall, we are looking for a downward movement here!
If the green line is broken and secured, we will see movement to the upper resistance.
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We are waiting for a clean breakdown for potential further movement, but if we do not get it, then we will test that upper resistance zone!