TradingView
BallaJi
Dec 12, 2023 10:00 AM

Chainlink #LINK v #Ethereum to 2.4X? Long

BINANCE:LINKETH1W
ChainLink / EthereumBinance

Description

⋅
Chainlink is exhibiting bullish market structure against ETH

Bullish market structure just means higher high's and higher lows --- uptrend

After a strong move

we are seeing a nice backtest of previous resistance

let's flip this into support and continue this trend into 2024

Trade active

⋅
Markets will always test you.
When it gets too easy to make money
is when you should be looking for the exits.

Comment

⋅


Link is getting smashed v ETH

will find support at the blue curve to Right shoulder?
Trend AnalysisChart PatternsDouble Top or BottomchainlinkLINKETHEthereum (Cryptocurrency)DEFIoraclescryptosergeynazarovvitalikbuterin
Comments
mitsandwits
⋅
Looking great actually. Good find.
Degenhodler
⋅
So if we hit $6000-8000 eth, we ranging between $90-120 LINK, I like those numbers!
BallaJi
⋅
@Tiwanag, Booolish
zmhrdd8kpg
⋅
I was expecting a massive bounce off the 200 day MA, I think we see BTC stall shortly or possibly pull back and link will take the next leg up
BallaJi
⋅
@zmhrdd8kpg, Yup. At some point it will Test---- > bounce
and then the second time it tests it, it will likely breakdown , and you'll be like shit is it done??? And Link will be down over 50% from the high's ! Haha its a tough game.
zmhrdd8kpg
⋅
@BallaJi, its only up from here Balla for me, ive been holding for a long time, I held my bag right through the last bear. it'll be a long Time coming before I lose on this one. I'm looking for 100-150$ top before sergey even flips the switch with CCIP and the rest of the tech. then crypto cycles won't even touch it
BallaJi
⋅
@zmhrdd8kpg,
Fantastic.
Conviction is definitely needed, as we're all kinda crazy in this game.
We take 3 years of beatings for 3 months of glory :)
Best of luck to you!
PeterMeter
⋅
still in the trade?
BallaJi
⋅
@PeterMeter, LINK should be a core coin.. Yea stay long till the cycle is done.
More