[Chainlink]
With the EMA position forming a Death Cross on the 30-minute chart, it indicates that sellers are still dominating, suggesting that Chainlink will continue its decline toward the nearest support level in the near term.
Key Levels
1. Resistance. 2 : 13.32951
2. Resistance. 1 : 12.67507
3. Pivot : 12.20532
4. Support. 1 : 11.55088
5. Support. 2 : 11.08113
Tactical Scenario:
Pressure Zone: If the price of Chainlink breaks down below 11.55088, it has the potential to continue its decline to 11.08113.
Momentum Extension Bias: If 11.08113 is broken, Chainlink may continue its decline down to 10.42669.
Invalidation Level / Bias Revision:
The downside bias is restrained if the price of Chainlink strengthens and breaks above 13.32951.
Technical Summary:
EMA(50) : 12.15794
EMA(200): 12.63296
RSI(14) : 59.08
Economic News Release Agenda:
Tonight from the United States, several economic data releases will be as follows:
US - Existing Home Sales - 22:00 WIB
US - Revised UoM Consumer Sentiment - 22:00 WIB
US - Revised UoM Inflation Expectations - 22:00 WIB