Rising wedge target is back to top of chainlink accumulation range at 9.3.
Clear rising wedge pattern with two touch points top and bottom.
We are coming up to the Chainlink fib sequence I have been using for years it has a 100% win rate at predicting Chainlink events , major moves , bottoms or tops.
Last Fib time hit was the Big move down in May 2022 marked a major bottom for LINK. Next one is April 22nd 2024 and anything can happen for LINK around this time , its interesting also that it lines up with the Bitcoin halving.
LINK/BTC Link has failed to break this level time and time again and until this level is broken I don't think we will see a major move for LINK.
It is possible that coming in 22nd of April we get a big move down for on LINK/BTC to test the 1/1 Gann fan again, yellow circle you see on the chart.
If thats the case then expect a major move down the fact that we are forming such a massive rising wedge with only 60 days from the next count is telling.
I also get a two different Fib time dates on 22nd April the one use see above is completely different start and end points yet the 618 falls on the same date.
Maybe LINK breaks the resistance on this date and moons or maybe it crashes and bottoms , who knows! all i know is that the next date after Aprill 2024 is May 2027 so best be ready for anything .
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hmmmm still vaild
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target top of range ppl
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I guess we using LINK to guess Bitcoins next move from now on
Rising wedges are one of the least reliable indicators so needs to be taken into consideration. Look at Bitcoin. Big rising wedge since June ‘23 and it broke out above it
Sporia
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@channelchartist I'm completely disagree, rising wedge have one of the highest success rates especially on uptrends
Aszarte
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Today is April 14th, do you think the Link will still go down ( now it is $13.4) ? Is it already a dip and buy now? Will it still fall by April 22? Because I wanted to buy Link and I wanted to know if it was the right time.
Your anticipation of significant movements around April 22nd, 2024, especially in relation to the Bitcoin halving, adds an interesting layer to the analysis.