Linkcoin (LINK): Looking for Further Drop
Chainlink has not moved since that first wave of sales after we had a nice rejection from 200EMA.
While for the last couple of days we have been in more of a sideways channel, we are looking for further movement to lower zones here, so eyes open!
Swallow Team
While for the last couple of days we have been in more of a sideways channel, we are looking for further movement to lower zones here, so eyes open!
Swallow Team
Note
Taking a look at the smaller timeframe, we are still inside the sideways channel here.
EMAs are slowly stabilizing while the price is in sideways movement, making it possible to get ready for further movement to lower zones here towards our major target!
Note
Chainlink has touched the 200EMA after breaking that sideways channel in a 4-hour timeframe.
As we are still in the mid-phase of finishing the H&S pattern, we are keeping a close eye on that 200EMA.
If it is broken, we will see a further movement to the upper neckline zones below $14, but if we see rejection, we should see a good downward movement!
Note
Chainlink is still below our neckline zone but nothing close to weakness has been seen yet.
We are still waiting while price has moved 8% in opposite direction so far!
🚨 Authentic Mentoring
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
Disclaimer
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.
🚨 Authentic Mentoring
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
Disclaimer
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.