Chainlink is also sitting at the support level which has been tested thrice and the market has the potential to move up towards the resistance level once the price action confirms its bullish moves. The price where we are looking to go long is 6.65. This level seems solid to continue moving up. The take profit is at the level of resistance level of 7.30.

The descending trendline has broken out from the buys and the market has already validated the breakout.

There is no retracement level on this pair as the support level is where the market retraced completely.

EMA 50 is bullish now and at the support level, might confluence with the technical factors such as support.

RSI is at 62. It needs to be neutralized at the 50 level in order to align with the technical factors.

Link stacks from 6.63

Sep 24 2023