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electo
Aug 13, 2020 6:07 PM

Chainlink Top. Short

ChainLink / US DollarBinance

Description

Calling it. Probably be crucified. NO idea how charting works. But it is what it is.

Strong bear divs and volume decreasing.

#Yolo

Trade closed: target reached

Comments
boeing787
man, i don't believe anymore technical indicators on link, i have been hearing it will go down since it was 10 $, i am not saying your prediction or analysis is wrong, i am just saying that this coin proved many of us wrong yet and it's out of ordinary
electo
@boeing787, there is nothing extraordinary, its all quite ordinary to be honest. XRP at $3 was also extraordinary. What goes up quickly, must come down quickly. May make a new ATH at some point in future. Who knows.
ProjectSyndicate
I agree with you. got a similar outlook.
thecardiak
Link and its competitor Band have pretty much defied all charting and channels/ranges and are looking like the beginning stages of the XRP and ETH parabolic runs that we had a few years ago. I've already been bit twice by calling the top on links run and selling early, now im like a battered women with link as the belligerent drunk. One thing to think about, if this breakout matches the same percentage gain as it previous breakout then LINK may run to $48 before seeing its first MAJOR pull back and real consolidation.
CryptKeeperAZ
no breaks on this train 25$ in bound
Tradesman_Jack
That's great. Love your honesty!
Hop7777
“No idea how charting works...” But posted an idea????
donaldpump222
@Hop7777, He's saying he doesn't chart but was looking at the bearish diversion. Either way, at least he's honest.
stradman17
@zerosdontcount, yea would rather him be honest and give ideas then tell me this is whats happening based on some arbitrary ideology like most of the recent content I've seen.
electo
@stradman17, yeah so basically when volume starts going up, with strong divergences, you want to short. There may be an extension between 22-26 which is a good possibility.

Fundamentally, Technically - unless they find a use case where link is actually used - its going to go back down, like everything always does.
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