Chainlink will lead to a breakout very soon, 3 points of contact have also been made within the Falling Wedge Pattern. Support Zone is between £13.00 - £13.50, this support area is a very strong buy interest level. In addition, the Falling Wedge Pattern's are often considered a bullish signal, a reversal from the current downtrend from the recent dip indicates...
-Line of Support= £13.31 -Line of Resistance= £17.80 -Target= £20.30 The crypto market currently atm is in a dip with the BTC halving approaching in a short time. A healthy pullback we're experiencing. Price correction might actually indicate a bullish trend very soon closer to the halving event!
After hitting a peak, I expect the trend to balance, and rebound all the way back to the nearest support.
Short-term : ChainLink has broken both Kijun and Tenkan yersterday and closed above. Mediu-term : The W pattern also visible in daily is bullish as well for investment or swing trades. The smart money has accumulated already while most of the retail traders have lost interest about cryptos, actually they try to short. The trend that peoples tends to short...
There is a formation of a reverse heads and shoulders which is a bullish sign.