19.01.202404:21 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Chainlink Cryptocurrency, Friday January 19 2024.

With the appearance of the Rising Wedge pattern and deviations between price movements and the Awesome Oscillator indicator and coupled with confirmation of price movements moving below WMA 30 shift 2, in the near future the Chainlink cryptocurrency has the potential to weaken if the level 14.17195 is successfully breaks below. This gives the potential for Chainlink to continue its weakening up to level 13.6082 as its main target and if the momentum and volatility support it, level 12.54073 will be the next target to be aimed at, but with a note that if during this weakening there is no significant strengthening until it breaks above level 15.30124 because If this level is successfully penetrated above, the weakening scenario that has been described will become invalid and automatically cancel itself.

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