BINANCE:LINKBTC ChainLink / Bitcoin
Chainlink on a has broken out against BTC and we are looking bullish! Ontop of that good news we got some more amazing news from Sergey Nazarov, Chainlink staking is going to be released this year! Absolutely huge news and a big win for the LINK community, the people have been waiting years for this to happen, once the news comes out where staking is live i expect link to see some massive and likely a lot of FOMO! Our first test for Chainlink on the weekly is aprx 0.0005 BTC . Looking at the we have broken nicely above the yellow and we are heading to the upside where we will be approaching the very important midline, we gotta break up and above here and hold it for us to regain an uptrend, being below this level keeps us in a confirmed downtrend. The looks good we seem to be coming out of a double cycle with our histogram now right on the midline, the goal here for weekly close tonight is to print a strong green bar on the histogram and then afterwards continuing to print green bars that are increasing everytime, its also looking like we are going to see a cross which is always a good thing and due to our previous 2 cycles this next one could be huge! Now the Wavetrend is sending off some signals aswell, we have bottomed out and we are making a very healthy rounded curve for our reversal, keep in mind just on the this is a slow moving indicator that usually doesnt make sharp moves, on the weekly its even more powerful and slow moving, we could be in for a big wave coming up soon, especially because we have seen quite the downside over the past months! Not financial advice just my opinion!