LINK in consolidation before commencing moon mission

BINANCE:LINKBTC   ChainLink / Bitcoin
Mid-term formation of textbook cup and handle pattern ( bullish continuation pattern), with current 'handle' phase indicating consolidation prior to a likely breakout. Once the current price level breaks out above the 'handle' resistance level , be quick to put your buy orders in before this intergalactic mission gets underway!

  • Initial upward trend topping out at A in October at 11248 sat's
  • Reversal of trend, in long 'U' shape formation
  • Significant volume increase throughout December led to the 'bottoming out' of the cup
  • Cup formation complete (B to C) with high of 9500 sat's reached on 09/01/2018
  • Reversal of trend in a clear 'handle' formation, and the downward trend evident in the BBW indicates the current phase of price consolidation
  • Price has tested the upper handle resistance twice (C to D) and once the price level has broken through, a potential buy zone will open up. The buy zone for this pattern is typically the zone between the upper handle resistance and the cup price level (C).
  • Once this buy zone is reached, the cup and handle pattern indicates that a breakout is likely.

Comment: Price drop associated with handle is deeper than expected. Still expect this to progress once market bottoms out this week.
I accumulated myself as I see Link doing very well once they release testnet this quarter.
+1 Reply
Clear cup and handle pattern, great analysis !
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out