Chainlink(LINK): Seeking For Breakdown of 100EMA

Chainlink is looking promising while trading near 100EMA, seeking a potential breakdown.

We want to see a clean break happen here after the rejection from Middle Line Bollinger Bands, which would dump the price to 200 EMA.

Swallow Team

Comment:

While Chainlink is making almost no moves, we are seeing it as a good sign for breakdown (no signs of any volume near 100EMA).

We are still looking for a breakdown, so let's wait and see.

Comment:

Chainlink is not giving away that 100EMA zone, which we have been keeping an eye on for some time now.

Although we see a nice small bubble, we will still be looking for a breakdown near this zone; if not, then re-test of last broken zone will happen (on upper zones)