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Chainlink, Uniswap, Aave Price Analysis: 15 December
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As the crypto market reached the $2.3T-mark, altcoins like Chainlink and Uniswap failed to uphold their multi-month-long resistance levels. These cryptos saw a swift decline after a rising wedge breakout.
On the other hand, AAVE marked a falling wedge while flashing mixed signs.
Chainlink (LINK)
Source: TradingView, LINK/USDT
LINK witnessed a rising wedge breakout on 9 December as the price bounced back from the golden 61.8% Fibonacci resistance. As a result, the price action transposed into a down-channel (yellow) after noting a 17.61% decline over the past six days.
This fall pushed the price paction below its four-month-long resistance at the $19.2-mark. Over the past five days, the bulls retested the 38.2% Fibonacci resistance thrice but
Read more on ambcrypto.comAbout this in other media
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