Chainlink(LINK): Overbought or Bull Run?

6. Feb.

LINK is back after that massive breakout; it recently broke the major resistance zone that was a point of interest for us.

As that being said, we are waiting for a correction on LINK to happen where the price is currently in an overbought state and there is a high chance of re-testing that broken zone (the resistance of BB).

Swallow Team

7. Feb.

Kommentar

Chainlink has a small, nice rejection on the upper zones, which is a good start to moving back to normal zones (as we are in an overbought zone).

We are monitoring for a potential re-test to happen soon, from which we will see if the price will see a significant movement to the lower or upper zones.

8. Feb.

Kommentar

While Chainlink is looking for another push, we are waiting for a re-test and a potential breakdown. From there, we would be looking for a short position towards $11.65.

Now all we can do is monitor and let the waiting game start 😉