See how the Bullish Flag is playing out for LINK. View live chart.
Bullish continuation if preceding move was up.
Reversal pattern. Price likely to break downwards.
Market participants tracking Chainlink should note the latest formation. Currently at $9.03, the asset is showing downward momentum (-3.54%). The primary technical feature is a Bullish Flag formation. The trend indicator is reading 8.1/100, suggesting moderate momentum. A potential breakout level is identified at $9.42, targeting $11.4 with support near $8.7 (R:R 2.75).
What is your outlook on LINK?