This_Guhy

Quickpost for Chainlink gains as it retest previous ATH

Long
This_Guhy Wizard Updated   
KRAKEN:LINKUSD   Chainlink
This is pretty straight forward. Resistance and support flipping is important. Sloping trendlines are great, but when horizontal levels flip from support to resistance that is a major signal that is ignored at ones peril

  • Purple ray is ATH
  • The black arrow and circle show a retest of ATH right after it was broken. This was defended by bulls on all time frames
  • The red arrow shows the bears savaging over-margined long traders and forced the over-margined longs to sell. Many such cases. SAD!
  • the green arrow shows that on this latest dump the bulls bought the dip so aggressively we didn't have to tough the previous ATH again. This is very bullish and I suspect we will never see link at these levels again.

Please see the linked post for why I think link will beat btc, eth, and other top alts.
Comment:
Based on my extensive experience charting and making and losing money I bet this blue like will hold, especially on higher time frames except for wicks.

Comment:

This slip below ATH is somewhat concerning but not cataclysmic just yet. Just have good risk management.

And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?

~Nathan Explosion
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