Is this move a surprise not really if you been following my Chainlink ideas.
Published in February warning traders that giant rising wedge had formed and the target of that wedge is back to the top of the massive range at 8-10 dollars.
March 18th we got a bearish cross the MACD , this was another signal of things to come.
On the LINK/BTC we can see that we hit the exact bottom of June 2023 lows when Chainlink hit 5 dollars and completed its wave 5.
We also have this very important date coming up with LINK , which is April 22nd 2024 or more like the week instead a specific day. This Fib time sequence has predicted Chainlink event for years with 100% succuss rate , check it out below
We once again get to see if proves to show us something of value.
On the Main chart above you can see this time fib sequence once again showing pivot points on the weekly , showed us all time high , June 2023 low , I mean simply amazing sequence here apart from 3.618 in grey you can see failed to produce anything special.
Even though the target for the rising wedge is 9-10 dollars I would link to see LINK hold the 1/1 Gann Fann right now its sitting right on it so we don't want to see a close under that would be pretty bad to close under the 1/1 again.
How do you feel about macro LINK/BTC? Will it trend down forever like a shitcoin? Will it maintain sideways for years to come? Will it set local highs (>65k sats) or even all time highs?
Sporia
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@mindsdecay, Well we have one clear area we need to break , once we close a weekly or monthly above this level then we can say LINK big run will start until then who knows maybe it does go sideways for years.