Chainlink (LINK): Re-Test And Movement To Lower Support Zone!

4 Jun 2024

Chainlink had made a small fakeout, attempting to breakout from local resistance zone.

While price is now back below that zone, it is not yet secured, so we are waiting for further confirmation here (in the form of re-test).

Swallow Team

5 Jun 2024

Nota

Chainlink is re-testing the broken zone, which we are looking for to be successful, meaning a rejection will happen from there.

Now all we can do is wait and look for any signs of weakness right there!

7 Jun 2024

Nota

Chainlink is still trading below that broken zone and still maintaining the bearish scenario.

As we secure the middle line of BB, we are looking for price movement towards 200EMA (where we might see some struggle). Once we see a successful break from there, a movement to the target zone will start!

9 Jun 2024

Nota

Chainlink has made a nice rejection breaking the 100EMA and also a local resistance zone. Step by step, we are approaching the lower target zone!

🟢 Price moved +14.48%

15 Jun 2024

Nota

Chainlink made a great breakdown since that upper dotted line where price broke both 100 and 200EMA entering into the last target zone

✅ Price has moved 18.66% so far