See how the Diamond is playing out for LINK. View live chart.
Indecision. Widening then narrowing range.
Bearish continuation if preceding move was down.
Gradual reversal from bearish to bullish.
Traders are watching Chainlink (LINK) as price action tightens. Currently at $7.95, the asset is showing downward momentum (-1.61%). The primary technical feature is a Diamond formation. This setup is supported by average volume turnover. A potential breakout level is identified at $7.03, targeting $4.04 with support near $8.52 (R:R 2.0).
What is your outlook on LINK?