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[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 market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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