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07.02.2025 08:16 AM
Technical Analysis of Daily Price Movement of Chainlink Cryptocurrency, Friday February 07, 2025.

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On the daily chart of the Chainlink cryptocurrency, it appears that this cryptocurrency is forming a Harmonic pattern where it is currently heading towards the formation of point D (PRZ level) either Gartley or Crab because the retracement to point B touched the level of 61.8 (but did not close below that level) so that both patterns are possible to form so based on this, there is a possibility that in the next few days Doge will continue its weakening to the Point Of Reversal (PRZ) level at 14.47575 if this is a Gartley Harmonic pattern and at 4.35388 if Doge forms a Crab Harmonic pattern, but all scenarios for the formation of point. D will be invalid if on its way to forming point D, Chainlink suddenly strengthens up to break through and closes above the level of 25.97788.

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