Chainlink(LINK): Gameplan Remains Same / H&S Pattern
The Chainlink gameplan remains the same, where we have a head & shoulder pattern.
Price has nicely bounced from the local neckline zone and reached 200EMA, where we see some sort of struggle now.
We expect further push and some sideways movement here, and then, of course, a nice breakdown of the neckline and further movement to the lower zones here!
Swallow Team
Price has nicely bounced from the local neckline zone and reached 200EMA, where we see some sort of struggle now.
We expect further push and some sideways movement here, and then, of course, a nice breakdown of the neckline and further movement to the lower zones here!
Swallow Team
Comment:
Chainlink has successfully broken that 200EMA line, where now we will be monitoring for local tops to form, from where we will be looking for potential rejection as well as further H&S pattern formation to form!
Comment:
200EMA showed strong rejection, leading price to 18% decline and a potential breakout from neckline zone!! Keeping eye on current zone 😉
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