Decodingthemarket

#Chainlink is doing this 7th times since June

Long
BINANCE:LINKUSDT   ChainLink / TetherUS
$9,004-$9,469 New Targets R/R=22.69%
according to our previous analysis the price reacted
slightly above the programmed $6.642 level bouncing randomly at the $6.66 level
if the price reacted the same as before when reaching resistance and support,
now we would have the possibility of that the price reaches the resistance levels $9,004-$9,469 again
only if it continues to act as before

Shark's – A 7th channel has formed, and I added it
and what I see is that the price may retest the recent support of $6.66-$6,426 before it is priced to the upside.
our confirmation would be that the price breaks above the upper channel line and R1 and of course R2 for the bullish continuation (NFA) 🤘 😜

Depending on where it breaks to the upside: if it breaks at R1: potential target 🎯 $8.64 R/R= 22.69%
If he does it in R2: potential target 🎯 $9,469 R/R=22.69%

NFA
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NOTE: Price Line Extension (Green) is Only a Visual Representation how Price May Move in the Near Future
with Unknown Specific Time Frame Depending on the Speed of the Price and Variables of the market

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