Linkcoin (LINK): Looking for Further Drop

20 ago 2024

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

21 ago 2024

Nota

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!

22 ago 2024

Nota

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!

19 set 2024

Nota

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!