Here's a simple idea on chainlinks Breakout ( red circle ) keep an eye on support and resistance marked in this graph. If it drops it could go to $10.
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Possible support identified on Daily Chart $16 looking to test $19-$22 Next
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We have lift-off!! A sign of hope would be a close above 16.66 by end of daily (3 hours)
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Anything below $16.18 keep an eye on it, it can slide down fast!!
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Breakout confirmed. Was sketchy with the $16.66. The bottom most vertical line confirms the uptrend use that as your profit marker
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Not out of the woods yet , HUGE SPIKE UPWARD unexpected. Watch for a fake out. $17.50 is rocky and unstable
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Testingb.618 support $17.50-17.35 . If it fails expect a retrace to just above $16 +/-
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Have a great Sunday everyone! Today I'm having a family day. Good luck and I'll update Later Tomorrow. Enjoy your day as well. 🚀📈🤞
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Just a warning, these two are looking too similar, may have a breakdown/ triple top setup with a retracing to $14-$13 range. Or this could be a Break out to Higher Highs. Keep an eye on this resistance line. Don't be fooled by a false breakout !
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Small breakout on 4 Hr chart. Looking to move upward to 19 possible
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If this next cande doesn't pump, we're back to 16, possibly lower keep an eye on .5 fib
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Looking at the. Current pattern we have 2 smaller bounces with a retracmenent then a possibly the breakout upward 🤞
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Looking at the daily Fib were currently sitting at the .382 with a 2nd touch for our support. If that doesn't hold look for $14ish area
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Comparing crash events, from covid to September's Flash Crash. It seems more likely were on the September dump and recovery trend. Take it for what it's worth, just an observation.
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Keep an eye on Daily Chart, link approaching previous high,, watch for double top if link can't break past 19. May retrace to 16-15.
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Currently link is aiming for $20 with a test for support afterwards @18. If that fails , we could see a big dive back down to $14. Keep an eye on support levels @ 16. If that breaks down in the next week , we are definitely not out of the Winter Bear Market.
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Approaching target of $20. Watch ur tops. May retest @ $18.5. If that breaks down $16 is now our support.
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Looking to hold support @ $18.50. If it breaks next support level $17. There is Bull Flag forming currently, next small bounce would take us up to $21-$22 range. Lookout for a retracement on lowest support of $17. That would begin to form a left shoulder and head. I don't see a right shoulder breaking if that happens. After retouch at 17, sky's the limit for chainlink. Have a good week!!
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A,B,C,D,E Pattern possible
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Possibly a 12% retrace from its previous candles high. Which would take us back to around $16.30 area
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