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Chainlink reverses support pattern

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Crypto Daily, Recent news

LINK – Chainlink cryptocurrency continues to rise after the earlier upward reversal from the support zone located between the key support level 12.60 (which has been reversing the price from the end of February) and the lower daily Bollinger Band. The upward reversal from this support area stopped the earlier minute short-term impulse wave (iii).

Given the strength of the aforementioned support area and the rising optimism that can be observed on the cryptocurrency markets – Chainlink cryptocurrency can be expected to rise further toward the next resistance level 15.35 (which stopped the previous correction (ii)).

Last Updated: March 16, 2022

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