CHAINLINK Correction Continuation

16 de jul. de 2021

Chainlink has been working inside of this channel for a few years. If we turn that blue support into a resistance, we could see a wick down to the bottom of this channel. A drop of around 84% from the top. Last time we hit that support was March 12th of last year.

21 de jul. de 2021

Nota

As expected, we have now broken the blue support. As of now, I expect to see a failed attempt to regain support then a monstrous drop to the channel bottom.

23 de jul. de 2021

Trade ativo

We now saw a rejection trying to regain the blue support. As long as we stay beneath it, this has the potential for a death drop to the bottom of the channel.