LINK/USDT Perpetual Contract
Short
Updated

Chainlink (LINK): Possible Rejection From 200EMA

291
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
Note
snapshot
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!
Note
snapshot
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!

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.