07.02.202508:16 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Chainlink Cryptocurrency, Friday February 07, 2025.

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On the daily chart of the Chainlink cryptocurrency, it appears that this cryptocurrency is forming a Harmonic pattern where it is currently heading towards the formation of point D (PRZ level) either Gartley or Crab because the retracement to point B touched the level of 61.8 (but did not close below that level) so that both patterns are possible to form so based on this, there is a possibility that in the next few days Doge will continue its weakening to the Point Of Reversal (PRZ) level at 14.47575 if this is a Gartley Harmonic pattern and at 4.35388 if Doge forms a Crab Harmonic pattern, but all scenarios for the formation of point. D will be invalid if on its way to forming point D, Chainlink suddenly strengthens up to break through and closes above the level of 25.97788.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2025

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