Chainlink Technical Analysis 23 December, 2021

• Chainlink reversed from support level 18.00
• Likely to rise to resistance level 23.00

Chainlink cryptocurrency recently reversed up from the key support level 18.00 (which has been steadily reversing this cryptocurrency from the start of December as can be seen from the daily Chainlink chart below) – standing near the lower daily Bollinger Band. The upward reversal from the support level 18.00 created started the active impulse wave (c) – which belongs to the higher order correction (ii) from the start of December.

Given the improving risk sentiment as can be seen across the cryptocurrency markets today , Chainlink cryptocurrency can be expected to rise further toward the next resistance level 23.00 (top of the previous short-wave (ii)).

Was this post helpful?