Chainlink price could dive to the lowest point in over a month

in hive-116221 •  3 years ago 

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Chainlink price seems to be forming a head-and-shoulders pattern on its 4-hour chart. But to complete the right shoulder of this bearish formation, LINK could first rise to $45 and then retrace to $29. 

Breaking through the pattern's neckline at $29 will confirm the bearish outlook and lead to a 44% decline. Indeed, slicing through this support level could see Chainlink price plummet to the 200-day moving average at $25. 


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      ·  3 years ago 

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