ChainLink on the brink of a new run??

After Chainlink bounced of the 2h trendline it made a new attempt at the 3 month long upper trendline. Boosted by new partnership announcement the price is currently at pivotal moment. If we see a high-volume break through, we'll see a new impuls for price discovery. As always it's a lot safer to wait for a definitive breakthrough before taking a position, be it long or short depending on the outcome.

Note that the RSI, while high, still has a bit of room to go up.

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Update: after flirting with the upper trendline it's retracing back to the recent trendline on the 2h. Sometimes not taking a position is the best position.

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We have bounced off the trendline of the 2h chart and had a high volume break-out on the upper trendline of the parallel channel. LINK is now in price discovery mode:

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We continue going up. After shattering the previous top, next target is 10k sats, a historical and symbolical resistance. If 10k is broken we're off for an incredible run.

Of course, we're still a way off. Profit taking at the current level is a safe decision.

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After 10k sats got rejected and BTC had a massive dump, we retraced. The months long trendline which acted as resistance then now acted as support, combined with the trendline on the 2h which has supported us for weeks now.

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As you can see here, the combined support was so strong it didn't even reach the trendline! Also, the RSI failed to make a lower low. Bullish momentum intact, ready for a new impuls wave.

Stoploss at 8500 sats and let's see where this baby goes.

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It literally touched the line and shot back up. But the fight isn't over. If BTC tanks we're out.