TradingView
nima-mohammadkhani
Apr 5, 2021 6:22 AM

Possible head and shoulders pattern in CHAINLINK Short

ChainLink / TetherUSBinance

Description

CHAINLINK is in an ascending channel since early 2021
After reaching a new ATH , LINK got stuck between 2 support and resistance zone (32$ and 24$)
There is a possible head and shoulders pattern if approved we will see a retracement move to the bottom of the channel
1st target would be about 26.5$
Comments
bestfarbit74
lets see
nima-mohammadkhani
@bestfarbit74 I think we will have a retracement first but we all talk about possibilities so let Time clear the contex ✌🏼💙🙂
Darenno1
@nima-mohammadkhani, we have had retracement for over a month. What are you talking about. We broke out of massive accumulation zone and we retested it.
bestfarbit74
@nima-mohammadkhani, then it will be so better for more accumulation ;-)
nima-mohammadkhani
@Darenno1 maybe you are right, let see what will happen dude 😉
nima-mohammadkhani
@bestfarbit74 yeah cuase link is far behind market growth ✌🏼
More