CHAINLINK has seen a lot of bullish momentum after the recent dip and there seems to be a potential head and shoulder pattern forming on the 1hr chart. If the right shoulder is successfully formed then, we could see a pump after the neck line has been breached. The technical target for the H&S is 53$. For now, let's wait and see. Wait for neck line cross to enter long.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.