The Crypto market is now suffering from an intense drop since Bitcoin fell down below 52K level. And now a huge Head and Shoulders pattern formed on the ChainLink weekly chart. The bullish and bearish scenarios depend on the very important key level at $15 - $16. If this support level breaks down the next important level to test will be around $10.6 and in case of losing this level the H&S pattern will be confirmed and the pattern projection will be around $3.9. In another bullish scenario, the first key level at $15 - $16 will be held and the price will bounce at this level so we can expect to test the two important resistances ahead in order to achieve higher targets at $76 and $110.
