Chainlink Bullish indications

Chainlink Bullish indications

In the above chart, let’s look at the monthly, weekly, and daily charts for. Overall, I’m more optimistic about this cryptocurrency, but I have to see a strong breakout with a close above 30 to confirm this.

On the monthly chart on the left, at least so far, we see a lower high and a pullback from the February highs.

On the weekly chart in the middle we see the strong support levels at 25 and resistance at 35. We can also see that the price of the candle has gone down last week, testing 13 supports before bouncing back well close to 25 supports.

On the daily chart to the right, we can see how this break above 30 confirms a nice long setup for a potential next leg.

Breaking out of this flag pattern will be important and continue to have strong support at 25.

If price goes the other way and breaks 25, 24 is the next level of support.

In summary, it looks more bullish but we will have to wait for confirmation.

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