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Chainlink: ⬇️ Sell
– Chainlink reversed from the resistance area
– Likely to fall to support level 23.30
Chainlink cryptocurrency recently reversed down from the resistance area between the multi-month resistance level 26.00 (which has been reversing the price from end of 2024) and the upper daily Bollinger Band.
The downward reversal from this resistance area created the daily Japanese candlesticks reversal pattern Bearish Engulfing.
Given the strength of the resistance level 26.00 and the overbought daily Stochastic, Chainlink cryptocurrency can be expected to fall to the next support level 23.30.
Source: https://fxpro.news
