Chainlink looking for support @ or near $17-$18 range. Keep in mind on both the 4hr And Daily Chart , There is a possibility for a significant retracement to $14 range. All this is only plausible if the formation of a triple top/ head and shoulders start to form. Things are looking up for Link either way. Take profits along the way to $23 and just take note of previous trending this past December. This may just be a similar fakeout to a higher high.
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H&S forming bottom of neckline $17-$15ish support level. Look for higher highs after this happens. Bitcoin reached its apex on Daily. Looks bearish may dump to 38k. Which then this trade is obviously canceled @ anything below $17.20 on its possible right shoulder.
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Double bottom on 5 min chart. Think the storm is clearing
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Right shoulder starting to build on Chainlinks daily chart. $17.50 to $18.90 are our key prices to pay attention to. Anything below those two numbers (shoulder top /head top ) would show a possible drop further or a retest @ $16 for a triple bottom. We need to break and hold above $19 to see an uptrend from our 3 day decent
Trade active:
Trade active:
Recommend a stop loss @15. Possible retrace to bottom out @13ish. Hoping to hold above $15.90 for new higher highs. Good luck
Trade closed: target reached:
Chainlink looking to retest $15.45 area. That should be our final bottom for awhile
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A breakout above $18.50 and holds , confirms a break in the downtrend. Things are looking up. Watch out for pullback 3rd week in April. Good luck!!
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Possible BUY and SELL opportunities
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** Update ** quick top to $8.50 area then a reversal to test support around $4.90. Set Stop-loss loss @ $8.11. Just my personal opinion.
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