Chainlink have given a bearish breakout of the head & shoulder pattern, and is sustaining lower, but till now prices have not retested the neckline, thus the pattern is not yet complete.
Overall, prices are expected to rise to retest the neckline before confirming its trend.
Also, the prices recently tested the order block, and now prices might witness strong bullish pullbacks.
Upside Targets = 10.00 to 12.00
Overall, prices are expected to rise to retest the neckline before confirming its trend.
Also, the prices recently tested the order block, and now prices might witness strong bullish pullbacks.
Upside Targets = 10.00 to 12.00
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.