It seems that we have an upward channelized trend on the #ChainLink chart . Currently, the ceiling of the RSI negative divergence channel has also been issued.
If the pattern bottom supports the price again, the price will rise to $20.0.
If the price breaks out of the pattern, it will drop to the support level of $15.10-16.0. This level is a strong demand area, so the probability of the price returning to this level is high.
The support area of $ 17.5 is still preserved.
Provided that this support area and the upward trend line are maintained, there is a high possibility of forming an upward trend similar to the drawn upward scenario.
in case of breaking the upward trend line and losing the support range of $17.5. The downside scenario is more likely.
