Please note - I have no idea what I am doing with technical analysis, however I do often play with charts and look for patterns.
I was playing around with the Link last week and made my first projection on chainlink based on a pattern seen comparing the long term channel Link generally respects, and a pitchfork from the most recent pull back. I have noticed this triangular pattern on the 4 hr chart that Link seems to be holding, and ready to break. I think the break will be to the upside, but this is speculation as the price has broken above the center channel of the proposed pitchfork. Figured the community might find this interesting. Enjoy, and fee free to help me understand any mistakes - I am new to this!
I was playing around with the Link last week and made my first projection on chainlink based on a pattern seen comparing the long term channel Link generally respects, and a pitchfork from the most recent pull back. I have noticed this triangular pattern on the 4 hr chart that Link seems to be holding, and ready to break. I think the break will be to the upside, but this is speculation as the price has broken above the center channel of the proposed pitchfork. Figured the community might find this interesting. Enjoy, and fee free to help me understand any mistakes - I am new to this!