Hi everyone
ChainLink price just broke our downtrend line upward and now is moving into
the ICHI cloud ( means for more sideways ). but seems to get more strength
for jumping upward to our key resistance area around 23$ for short term.
Only if the price can manage to break this area and our strong weekly trend line
we can expect a strong upward pressure coming but as long as the whole market is bearish
that would be negative. things may change in days coming though.
Lets see how it works
Enjoy the market
ChainLink price just broke our downtrend line upward and now is moving into
the ICHI cloud ( means for more sideways ). but seems to get more strength
for jumping upward to our key resistance area around 23$ for short term.
Only if the price can manage to break this area and our strong weekly trend line
we can expect a strong upward pressure coming but as long as the whole market is bearish
that would be negative. things may change in days coming though.
Lets see how it works
Enjoy the market
Trade active
as expected broke the trend line and bounced upward.
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Related publications
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.