Quick and simple: Chainlink is coming out of a major downtrend. This downtrend is now completely broken marked by the bottom pattern and high volume on the ensuing bullish breakout.
Prices now trading above EMA100 and MA200 is all the confirmation we need.
After a downtrend comes an uptrend, this uptrend can extend to the long-term.
This is a very strong bullish setup that points to straight up. Great momentum, maximum speed and growth.
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