On the 4-hour chart the Chainlink Crypto currency appears to be forming Bullish Pitchfork Channel and this Cryptocurrency move harmonious in it, this indicates that the Buyers are starting to re-enter in this Cryptocurrency, it is confirmed by:
1. The upward Pitchfork channel.
2. The price movement is above the Moving Average which is dip upwards.
3. CCI has broken through three levels -100, 0, & 100 is now in the range of 0-100 levels.
4. There is a 123 Bullish Pattern.
5. Breakout from Ross Hook (RH).
Based on those five facts above, Chainlink has the potential to rally until the level 7.19293 as the main target and The upper line of the Bullish Pitchfork channel is the second target, but before that, Chainlink also has the potential to be corrected to the downside to gain momentum for the upward rally where the level to be targeted and tested is at the level of 6.48294-6.29730. If this level area is strong enough to withstand the rate of downward correction, then Chainlink potentially return to rally upward. On the other hand, if the level of this area does not stop its decline, especially if the level of 6.42730 is exceeded, then all scenarios of an upward rally that have been described previously will become invalid.
(Disclaimer)
