Areas to watch for ChainLink
Levels to watch out for:
- 10720 Sats – this area is where Chainlink should bounce back from as it is the 0.618 Fibonacci.
- 10408 Sats – This is the 0.5 Fibonacci Area and the tip of the triangle. Therefore will act as support.
- 9850-1000 Would indicate continued trend is cooling down – before taking off some time later.
Accumulation has dipped, following its closeness to the ATH of 11970 Sats.
Volume during the same period of time has heavily been in favour of sell-side.
MACD crossing-over to the bearish side, looking for adamant support – before deciding the next direction.
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