According to technical analysis, ChainLink works beautifully. Yesterday's decline was stopped by the current trend line and Pivot point S1 (means first support) also worked nicely.
The price bounced off the Point of Control level, which is the fair price of the last month (30 days), which often acts as a magnet, which then bounces off the price to look for a new area of fair price.
We also see that the price is above the moving average of the EMA 200 Daily, which means a persistent Bull market.
Current setting: If today's candle closes above the POC, we can put a Long deal in order to have a strong S / R area that's a price level of 35.
The price bounced off the Point of Control level, which is the fair price of the last month (30 days), which often acts as a magnet, which then bounces off the price to look for a new area of fair price.
We also see that the price is above the moving average of the EMA 200 Daily, which means a persistent Bull market.
Current setting: If today's candle closes above the POC, we can put a Long deal in order to have a strong S / R area that's a price level of 35.