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Technical Analysis of Intraday Price Movement of Chainlink Cryptocurrency, Friday December 13, 2024.
Technical Analysis of Intraday Price Movement of Chainlink Cryptocurrency, Friday December 13, 2024.
Crypto-currencies
2024-12-13 05:07:35
With the condition of the Golden Cross MA 50 which is above the MA 200 and its price movement moving above both MAs on the 4-hour chart, the Chainlink cryptocurrency gives us information that the Buyers' condition is quite dominant, especially with confirmation by the appearance of Double Bottom on the RSI (5) indicator, but in the chain link price movement it actually forms a Higher-High, then confirm that in the near future Chainlink has the potential to strengthen upwards where the level of 33.85404 will be tested to be broken and close above it. If it is successful then Chainlink has the potential to go to level 38.50806 and if the momentum and volatility support it then 41.38482 will be the next target, but if on its way to its destination there is suddenly a significant weakening correction, especially if it goes down and closes below level 24.22926, then all the strengthening scenarios that have been described previously will be invalid and automatically canceled by themselves.
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