On the weekly chart, Chainlink has formed a very strong floor in my opinion. It also coincides with Link's 21 week EMA which makes it even stronger. If prices fall below in the short term, I would expect only a brief wick and I 100% expect to close any weekly candles ABOVE that trend line!
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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.