Assessing odds of Chainlink breaking down from its current pattern

Chainlink’s [LINK] inverse head and shoulder breakout failed to maintain a position beyond the three-month trendline resistance (white, dashed). While the price kept traversing below the south-looking EMA ribbons, the sellers kept finding fresher multi-monthly lows until mid-June.      For nearly a month, the price action has been compressing near the Point of Control […]