Most people think BINANCE:LINKUSD is dead and the rally is over and who knows, they could be right, but... Failure to look at other charts such as BINANCE:LINKBTC and BINANCE:LINKETH we can clearly see its only forming a flag which means that we only formed Wave 1&2 on the weekly chart out of 5 of a bigger cycle.
Illustrated in the Chart, I have set my entry points and Target points. So lets see what happens in the next few weeks/month or so.
Will my prediction be right? or will I fail HARD?
Trade active
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So Far buys are filled and stoploss is set above breakeven. Lets see where it goes in the next coming weeks.
I am expecting TP1 or TP2 to be reached and a possible retracement to the top of the previous high. Either that or FOMO might kick in and it could just run.
My plan for now is to wait to Reach TP1 and move my stops up then reasess the market.
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A look at the chart.. so far so good.. all is going according to plan and Stoch on the weekly and daily is in the perfect position. We could possibly see a pump in the next few days.
You obviously don't understand what Chainlink is building because its not shown on a chart. This is one of the very few alts that will not only survive after BTC hits ATH but will flourish. Their middleware will become woven into our everyday lives thats the kind of tech no one knows about but makes people incredibly rich who invest early and trust me we are still early. This will be a triple digit token. The oracle problem they solved is the key to smart contracts
AndreTheGiant
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@mboody1980, Thanks for filling in the fundamentals and that could be true but still its a cryptocurrency and like all cryptocurriencies, they go through cycles ... I agree with the idea that it's still very early, that goes for alot of these crypto's... the general population might only be aware of the name Bitcoin and they think its something they can eat.
Snuby3
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@mboody1980, this is technical analysis. To be honest, nothing in this idea implies the poster does not understand the fundamentals you talked about. Your post does however lead me to believe you don't understand technicals. Everything is in the chart. Everything.