Chainlink(LINK) breaking out, get ready to launch!
Hello. According to my technical analysis, LINK is ready to have a good rise in price.
LINK recently broke the red dashed line and the 0.5 Fib in one daily candle, which is bullish.
LINK also broke out of the triangle pattern highlighted in orange, with healthy decreasing volume.
The RSI formed its own triangle pattern, in which it did not breakout yet. If we want LINK to make its journey to at least $40, the RSI must breakout of its red dashed line.
BTC also recently pumped to $66k, so the altcoins, including Chainlink, should follow.
Thank you for reading! Put constructive feedback in the comments below.
LINK recently broke the red dashed line and the 0.5 Fib in one daily candle, which is bullish.
LINK also broke out of the triangle pattern highlighted in orange, with healthy decreasing volume.
The RSI formed its own triangle pattern, in which it did not breakout yet. If we want LINK to make its journey to at least $40, the RSI must breakout of its red dashed line.
BTC also recently pumped to $66k, so the altcoins, including Chainlink, should follow.
Thank you for reading! Put constructive feedback in the comments below.
Comment:
LINK so far is doing well!
