Chainlink retraces from $12 – Should buyers enter now?

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Chainlink broke out of a range that had lasted for nearly eighteen months. This range extended from $5.55 in the south to $9.65 in the north

The $8.15 region was a twelve-hour bearish order block that has been flipped to a bullish breaker by the recent price action- but will LINK prices descend below the $10 psychological support?Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.Chainlink

It showed the 61.8% level lay at $8.14, close to the bullish breaker block. Therefore, a retest of this region could offer a buying opportunity. A pullback to the range highs at $9.65, as well as the psychological support at $10, could also see the uptrend of LINK resume.

 

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