LINK broke out of the resistance area @ 6.5$ and from the bullish megaphone which was printed in the last days we just need a succesful retest of the one to enter a long position now if the scenario gets confirmed, these are the levels I'm watching: TP: 7.17 (0.783 fibonacci) SL: 6.45
let me know if you found this idea helpful and if you are going to enter the trade! also dont forget to follow me, leave a like, and if you want to request a technical analysis , just comment the ticker of the cryptocurrency you want me to analyse down here!
as you can see link is not moving up like other coin, clear sign that link will dump soon btc retrace
MikaelXrpKing
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@PensieriParole link up 5 procent, same as others. Time to open your eyes
PensieriParole
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@MikaelXrpKing, bro you must be little bit confused, time for you to learn how to make the right calculation, if you do the calculations by looking at coinmarketcup it means that you still have a lot to learn. You should have invested in Avax and Solana
PensieriParole
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@MikaelXrpKing, if bitcoin returned to 20k suddenly the links would suddenly fall below 5 dollars, it is not the links that grow but the bitcoin that rises in price as a result the price of the links in dollars adjusts, for now the links compared to many other coins are almost stationary or even go down, even if you see green on the price of the link on coinmarketcup does not necessarily mean that the links are doing anything special, they follow the btc, who in my opinion are doing very well are avax, solana, eth, etc etc
opop777
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@PensieriParole, of course LINK is bound to the market makers such as Bitcoin and Ethereum, and it's just normal considering the fact that BTC is worth more than 44% of the current crypto market capitalization! but this analysis was just about LINK , if we get a succesful retest of the support level, chainlink may still get an idiosyncratic uptrend even with bitcoin being in a downtrend I hope you find my other ideas helpful!