Chainlink, Link Make or Brake

Chainlink is showing the same picture as many other alts coins, hanging close to a neckline but also close to a resistance to break up. On the right i have made a range, between the red and the green. I think that a break of either of them, is probably the answer to what the direction will be for the coming days. Since it's weekend now, there is always a chance for nasty tricks though. 13.8/14 zone is a big resistance, buyers need to clear that resistance. Then on the left we can see a similar situation as i showed in my Tezos XTZ analysis, that to be bullish for the coming period, it needs to reach that red zone around 14.5. If bulls can touch it one more time, there is a good chance it will eventually break. Making a lower high below that 14.5ish, could be dangerous.

For the short term, bulls need to hold that green zone around 13.2, but better to stay above 13.4ish from now on. A higher low pattern in that right shoulder should be held, otherwise the danger of that neckline breaking increases.



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