Chainlink (LINK): Possible Rejection From 200EMA

2024年7月30日

Chainlink is back below 200EMA after having bounced from the bullish trend here.

He is keeping it simple here this time and looking for a possible rejection from 200EMA (which as of now has been working out well). So if we manage to secure this day as well as further downward movement, we should see a touch of trend this week!

Swallow Team

2024年7月31日

註釋

Chainlink made a nice move towards our local trend zone here, giving us 5% of market price movement.

We wait for a clean touch here and then we will take another look to determine where we will go from there!

2024年8月1日

註釋

Chainlink has reached its target zone, resulting in a good 7% market price movement here.

As now we have reached the trend and considering the current market conditions, we might see a great break of trend here so keep an eye on that zone!