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
Comment
⋅
Chainlink has made early moves here towards EMAs where they are not being tested.
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!
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.