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$)
There is a possible head and shoulders pattern if approved we will see a retracement move to the bottom of the channel
1st target would be about 26.5$
No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things.
Trading is all about spotting emotional excesses either to the downside or the upside.
You want to be on the right side of those emotional...
I think there's a good chance we may be seeing the beginning of a volatile and rapid bearish expansion for $LINK.
We can see a high correlation between Chainlink's chart to a typical market bubble / blow-off top - including an almost vertical, aggressive final phase finishing off with a spinning top on the 12H.
Looking at the hourly chart, we can see that we've...
Chainlink has ascended to new all-time highs around $17.00 in the push for gains eyeing $20.00.
LINK/USD is trading within a rising wedge pattern spells doom with a possibility for breakdown to $15.00.
Chainlink is arguably the best performing cryptocurrency in the market this August. It is giving major assets such as Bitcoin, Ethereum and Ripple a run for...
Can Link continue to resist the drag net of Bitcoin and find new highs even if and as BTC lags??
A long play for me at this point is a break and retest with bullish looking p.a around the boxed area $4.80/$5.00ish
Be interesting to watch this weekend, especially if big moves come for BTC...up or down.
Hi fox hope you are well. Chainlink is one of the coins that I love to trade because this coin always gives very good trading opportunities and forms different harmonic and chart patterns and have very good volatility which makes it favorite among the traders community and especially for me.
Bullish Move Upto 211%:
On weekly chart after forming a double bottom...
https ://imgur.com/ gallery/ NWoHfMm
https: //imgur.com/gallery /95QLy0s
(Spaces in betwen both links; delete them in the web browser for access, otherwise TView won't let me post them)
FIRST AND FOREMOST....I feel it necessary to explain myself as to why the hell its been almost 2 weeks since I published anything; let me put my (small, but vocal & loyal...
Chainlink has broken down a rising wedge. The decreasing volume (on the bottom of the chart) is confirmation of the successful breakdown.
Based on wave analysis, it is possible it may downtrend further.
Shorts are not something I trade personally, so this idea is only for the benefit of my followers who do and for those considering adding to Link's technical...