Chainlink Technical Analysis 10 November, 2021

• Chainlink broke multi-month resistance level 36.00
• Likely to rise to resistance level 40.00

Chainlink (LNKUSD) cryptocurrency continues to rise after the price broke the key multi-month resistance level 36.00 (which stopped the price at the start of September). The breakout of the resistance level 36.00 accelerated the active short-term impulse wave (iii) of the C-wave of the ABC correction (2) from the end of July.

Given the clear multi-month uptrend and the improvement in risk sentiment as seen across the cryptomarkest today, Chainlink (LNKUSD) cryptocurrency can be expected to rise further toward the next resistance level 40.00 (target price for the completion of the active impulse wave C).

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