Chainlink seems to have bottomed at 7.2869 as Pivot suggest and also daily support area
Looking more at daily, MACD is in third selling wave which ussualy means that sellers are satisfied enough.
Daily candle has a good possibility of bullish engulfing if the price closes above $8.75 per Link.
Looking at current hourly chart, the price seems to be forming a flag with a bullish outcome.
It's important to break $9, then Link can easily go all the way up to $9.92 which is 12% from the top of the resistance area and then to $10.3 which is 17% from the top of the resistance area.
Indicators looks good, $9 is the key level to break.
Good luck!
Tibor
Daily candle has a good possibility of bullish engulfing if the price closes above $8.75 per Link.
Looking at current hourly chart, the price seems to be forming a flag with a bullish outcome.
It's important to break $9, then Link can easily go all the way up to $9.92 which is 12% from the top of the resistance area and then to $10.3 which is 17% from the top of the resistance area.
Indicators looks good, $9 is the key level to break.
Good luck!
Tibor
Comment:
Already 10% up from the time of the analysis!
Trade closed: target reached:
TP1 12% has been hit! $9.92
Trade closed: target reached:
And take profit 2 has been also hit! +17% Trade closed.
