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)