#MarketDownturn
You can feel Christmas jajajaja, don't tell me you haven't heard about this? 😀😎🚀💥😍😘💪👆
How's it going?,
not long ago I showed you that in Europe they adopted #link , did you see what happened?
Current trend:
The price is showing a clear upward trend, with consecutive green candles and a steep ascent angle on the chart. This indicates a moment of strong demand and optimism in the market.
Key levels:
Support: There seems to be support near the level of $20.75, coinciding with a 78.6% Fibonacci retracement in the recent trend. Resistance: The current level ($22.12) is close to a psychological resistance area (possibly $22.50-$23.00). If surpassed, it could lead to new highs in the short term.
Technical indicators:
The 7-period moving average (MA 7) is above the 25-period moving average (MA 25), confirming bullish strength. Recent volume shows a considerable increase, which reinforces the validation of the upward movement.
Suggested strategy:
For short-term traders, waiting for a clear breakout above $22.50 could provide an entry to take advantage of the momentum. If the price retraces, the area between $20.75 and $21 could be ideal for accumulating in case of a rebound.
Conclusion: Chainlink (LINK) is in a solid bullish phase, but it's important to watch the nearby resistance and volume to confirm whether the rally can continue or if a retracement is expected. Stay tuned for upcoming moves and keep a clear trading plan!
