Continuation of downtrend soon
There will be a breakout in the coming weeks, most indicators tell us that we will breakout the bottom of the triangle and ChainLink will continue the downtrend that started mid 2021. RSI is getting more narrow. Volume is low although in an upward trend since mid October. We can`t deny the relations with BTC and the S&P500 and I`m also bearish on them too the coming weeks. My price target will be between $4 and $3.50
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Going to print a new low in the coming weeks Trade closed manually
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.