04.10.202407:08 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Chainlink Cryptocurrency, Friday October 04, 2024.

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From the daily chart of the Chainlink cryptocurrency, there are several interesting things, first there is an Ascending Broadening Wedge pattern and second there is a deviation between price movements and the MACD Histogram indicator so that based on these two facts it gives an indication that in the next few days Chainlink has the potential to weaken down even though there is a possibility of a correction to strengthen as long as it does not broken and close above the level of 12.24139 Chainlink has the potential to weaken down to the level of 9.27323 as its main target and if the momentum and volatility support it then the level of 8.10944 is the next target to be targeted.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2024

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