Chainlink is still battling in a range between two zones. There is no clear direction. We are taking our bet on the range to range trade on this pair. We will be looking to buy at the support level till the resistance level and continue if market moves beyond the resistance. That being said, we also have a retracement area at the support level which apparently will push the market up.

EMA 50 is still bearish, depicting a bearish direction. That being said, we should ascertain the fact that market may retest the EMA 50 at the resistance level.

RSI is at 53. This is the bullish region and upon the retest of the 50 level, market may continue moving up.

We are still waiting on Chainlink for a potential uptrend once its pushed beyond the levels.

Chainlink still waiting

Oct 02 2022