Chain Link price analysis

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3 years ago

If the price break $13.28, it will complete an inverse head and shoulders pattern which may signal the begining of a new up-move. The target of this setup is $19.2431.

The up sloping moving averages and the RSI in the positive territory suggest that bulls are in control.

This bullish view will be invalidated if the price come down sharply from the current levels. Such a move could result in profit-booking by short-term traders. A break below $9.74565 will signal a possible deeper correction to $7.33

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