A clear break above $22.0 may possibly open gate for new highs
Besides, there was a breach above a key bearish trend line on the daily chart of the LINK. Chainlink has traded around $16.80 level (at press time), with an intraday surge of 1.14% and traded above the 50-day, and 200-day EMA's.
primary resistance happens to be near the $18.20 level, and the next major resistance at $20.0 and $22.0 supply zone. A clear break above $22.0 may possibly open gate for new highs toward the $30.0 level.
On the contrary, if Chainlink’s price fails to climb above the $18.20 resistance level, there could be a fresh deterioration. Where, the Initial support on the downside could be near the $15.50 level, below which the price might test the $ 14.0 level. in this situtaion, Any more losses could lead LINK toward the $12.50 level, also.
primary resistance happens to be near the $18.20 level, and the next major resistance at $20.0 and $22.0 supply zone. A clear break above $22.0 may possibly open gate for new highs toward the $30.0 level.
On the contrary, if Chainlink’s price fails to climb above the $18.20 resistance level, there could be a fresh deterioration. Where, the Initial support on the downside could be near the $15.50 level, below which the price might test the $ 14.0 level. in this situtaion, Any more losses could lead LINK toward the $12.50 level, also.
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.