✴️ Chainlink Sideways Continues But... Where Are The Fruits?

AlanSantana Updated   
It has been the longest consolidation phase ever for Chainlink, so far a total of 475 days going sideways. Not up, not down, just sideways... Some people would say this is the worst.

Within this sideways channel we still have bearish and bullish waves. A medium-sized correction just took place and now we are preparing for a new bullish wave.

This new wave can end up right at the upper boundary of the channel or it can continue straight up. Regardless of the outcome, we will have a break from sideways action and will experience bullish growth.

We welcome change.
Positive continues to hit the market, it will soon start to add up.

Just like that, we went from bad to worse, from negative to terrible while Bitcoin continued to grow.

Now we are seeing the first pieces of positive news coming out and then, after 1-2 weeks of positive, the market catches up.

First the roots, then the trunk, the leaves, the flowers and the fruits.

This new market cycle already cemented its roots, in fact, I can clearly see a big trunk.
We are due to see some beautiful leaves and flowers, ripe fruits in 2024.

Looking extremely bullish.
Huge growth potential on this pair currently.
Looks like the upper boundary of the channel is being challenged again.
This channel has been active for 1.5 years, breaking it unleashes strong, long-term growth for Chainlink and the Cryptocurrency market as a whole. It will happen.
The more than a year long consolidation channel has been broken, a major bullish development.

Link it its highest level to the upside since October 2020.
Huge potential lies ahead.

Minimum is 17 but more is possible, we have to wait and see how it all develops.

Thanks a lot for your support.
Trade closed: target reached:
This is it for now.

Enjoy the profits.
Thanks a lot for your support.

The Best PREMIUM Crypto-Trading Numbers (Since 2017)

🚨 Free PREMIUM Trades Now!

🔝 Thousands Of Charts! Follow My Telegram

Related Ideas


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.