Chainlink is still following its bullish bias today, although there is potential for a limited correction.

[Ben Graham]

[Chainlink]

With both EMAs forming a Golden Cross, then the overall bias direction of the Chainlink cryptocurrency is still strengthening

Key Levels

1. Resistance. 2 : 13.72443

2. Resistance. 1 : 13.58148

3. Pivot : 13.40688

4. Support. 1 : 13.26393

5. Support. 2 : 13.08933

Tactical Scenario:

Positive Reaction Zone: If the price successfully breaks out and closes above 13.40688, there is potential to test the level at 13.58148.

Momentum Extension Bias: If 13.58148 is also broken, then Chainlink will try to test the level at 13.72443.

Invalidation Level / Bias Revision:

The upside bias weakens if the price of Chainlink declines and breaks down below 13.08933.

Technical Summary:

EMA(50) : 13.33489

EMA(200): 13.08961

RSI(14) : 40.15

Economic News Release Agenda:

Due to the national holiday of Black Friday, there will be no economic data releases during the U.S. session tonight.

The material has been provided by InstaForex Company - www.instaforex.com