See how the Bullish Flag is playing out for LINK. View live chart.
Bullish continuation if preceding move was up.
Indecision. Widening then narrowing range.
Gradual reversal from bearish to bullish.
Reversal pattern. Price likely to break downwards.
A clear signal has emerged for Chainlink (LINK) on the daily chart. Currently at $8.32, the asset is showing downward momentum (-1.74%). The primary technical feature is a Diamond formation. This setup is supported by average volume turnover. A potential breakout level is identified at $8.74, targeting $10.46 with support near $7.88 (R:R 2.0).
What is your outlook on LINK?