alanmasters
Long

ChainLink Invincible... Chart Analysis | The Infinite Bull

BINANCE:LINKBTC   ChainLink / Bitcoin
In a recent article on Loopring ( LRCBTC ), I mention the 0.618 Fib. retracement support.
(You can find this article by visiting my profile and searching for LRCBTC )

Here we have ChainLink ( LINKBTC ) bouncing off this exact same level, on a bullish cycle, which can signal that the retrace is over and this pair can continue to grow.
  • EMA50 has been tested as support and held strong.
  • Additional bullish action is possible.

Support and resistance levels based on Fibonacci proportions are marked on the chart.

The bulls have the upper hand.

Conditions for change
We look at lower prices only if LINKBTC move and closes below EMA50.

Any trading above EMA50 and we remain strongly bullish on this altcoin pair.

Thanks a lot for reading.

Namaste.

Comment: New high for ChainLink... it just keeps on growing.
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Comments

Alan, thanks for all you do for this community. Your a huge help! Here is what I have. If this last wave is the 5th then I 100% agree with your TA:
+2 Reply
alanmasters cryptolightfuture
@cryptolightfuture, Thanks for sharing. :)
+1 Reply
great analisis.THANK YOU BRO
+2 Reply
@pegaz, Thanks a lot for the support.
Reply
XTZ Is About To move Into An EXPLOSIVE Bull Market
+1 Reply
My target on link is the 3.618 at 0.00124081 or 14.53
Reply
Great work
Reply
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