(LINK) ChainLink on the road to 200$ ?

2021년 12월 27일

Hello everyone !


Today we analyze ChainLink (LINK) based on a Two Weeks chart 📈


What we can see :

- Prices evolve inside a parallel channel since April 2019.
- Right now, prices took support on the lower channel level + white trend line.
- Prices are still under the black downtrend line
- There is a bullish div on the RSI

* Eric Schmidt recently joined the ChainLink foundation as an advisor (Very bullish)


What we can expect :

If prices manage to break the downtrend line + the 33/38$ resistance area, there will be a huge W pattern that could send Chainlink to the upper channel level. In addition, by using the trend-based Fib extension, we can identify potential final targets for Chainlink


Main resistances : Downtrend line + Cluster 33/38 $


Support 1 : White uptrend line
Support 2 : Lower channel level


TP1 : 85 $
TP2 : 131 $
TP3 : 175 $
TP4 : 220 $


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