Chainlink: ⬇️ Sell
– Chainlink reversed from resistance area
– Likely to fall to support level 8.00
Chainlink cryptocurrency recently reversed from the resistance area between the key resistance level 8.62 (which has been reversing the price from the middle of June), upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from May.
The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Shooting Star.
Chainlink cryptocurrency can be expected to fall to the next support level 8.000 – former minor support from the middle of July.