Chainlink (LINKUSD) has been trading within a Channel Up since the June 05 2023 Low and in the past 4 months it has been unfolding the 3rd Bullish Leg of this pattern.
With the 1W MACD past a Bullish Cross (which has confirmed it), the previous Bullish Leg was about +30% stronger than the previous.
Assuming this holds for the current as well, we expect the rally to reach at least $40.00, which will be close to the pattern's top (Higher Highs trend-line) but still way below the 3.0 Fibonacci extension, a level the previous two Bullish Legs approached.
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With the 1W MACD past a Bullish Cross (which has confirmed it), the previous Bullish Leg was about +30% stronger than the previous.
Assuming this holds for the current as well, we expect the rally to reach at least $40.00, which will be close to the pattern's top (Higher Highs trend-line) but still way below the 3.0 Fibonacci extension, a level the previous two Bullish Legs approached.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
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