CHAINLINK IS BULLISH LOOKING NOW, NEXT PRICE TARGET $15.39
On hourly chart, you can see LINK has formed an inverse head and shoulder between 8th Dec to 17th Dec 2020.
Neckline is the white-line, it has been broken and has been retested a few times now. A break above $13.60 will send us up to a minimum of $15.39.
$15.39 is the first minimum target measuring the height of H1 (from head to neckline) and pasting H1 above the neckline to form H2. Therefore giving us $15.39.
However if the momentum is strong, it could send us to price target 2 at $16.60 (1.618 times of H1, golden ratio of FIBO level) or price target 3 at $17.37 (2 times of H1).
Let's prepare for a bullish move of Link in coming days! Cheers!
Neckline is the white-line, it has been broken and has been retested a few times now. A break above $13.60 will send us up to a minimum of $15.39.
$15.39 is the first minimum target measuring the height of H1 (from head to neckline) and pasting H1 above the neckline to form H2. Therefore giving us $15.39.
However if the momentum is strong, it could send us to price target 2 at $16.60 (1.618 times of H1, golden ratio of FIBO level) or price target 3 at $17.37 (2 times of H1).
Let's prepare for a bullish move of Link in coming days! Cheers!
Order cancelled:
Very sorry that the inverse H&S has failed. Trade carefully therefore.
Comment:
Please refer to my latest idea here,
