$LINK : Chainlink 🚨📊
1. LINK made it back to its previous range low level and is finding support there. This flush began as LINK broke below the recent lows at $16.40, leading us down to $11.80. We did make our way back to that level this week as the week's lows were put in, quickly saw a nice bounce back towards the yearly open.
2. The launch of CCIP helped LINK pump. LINK is becoming bigger than it ever was and CCIP will help LINK be used on other blockchains, making it a better currency around the space and accelerating the potential of Ethereum.
3. For a long position, look for a full reclaim of the yearly open at $14.942, good targets are $15.75 and $16.30.
4. For a short position, look for a continued breakdown of the monthly open at $13.128. As price accepts below it, price should drift below recent lows. Good targets are $12.65 and $11.80.
