LINKUSDT is printing a descending triangle pattern on the Daily timeframe.
Price is consolidating in the mid region.
Possible price actions are indicated on the chart.
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We need to make sure we can get support at 12.0905.
You should also check if you can get off the downtrend line (3).
From the...
we have now a bigger and smaller ascending channel also Also Triangle Pattern in our 4H chart Simultaneous.
if The price could breakout through the Triangle Patter the Targets that i have mentioned are available.
The leader of all alts in first half of 2020, Link has done a nice 800% last year.
For the bullrun to come, i'm looking at those kind of coins that pumped the most in july-august mini alt season.
Link has a 5 months falling wedge, double bottoming. The pump that is coming should be violent.
A MUST HAVE imo.
Target on chart.
Comparison between ETH and link
I believe Link is forming a secondary structure as the base for the next bull move, just like ETH has done when the 50MA emerged.
Great opportunity to enter into LINK
Hi friends. So about Chainlink. Really picture very nice and easy. Big players start to sold then traders who been in long closing they positions and sold too. Thats why we have chance to long in near time now. But i really think that all picture much more hard for bulls. We have a long-time solds from 12.31.
Traders purchases are not stumping exchange now. So...
Hi All,
With LINK breaking below a key level 0.5 fib level, and Bitcoin about to surge up more from the drop this morning, I think its logical many ALTs will either hold or drop to another level, hence the LINK scenario.
To short requires some ground rules but so far, its setting up well for it.
Indicators still show downward pressure. No better place to find...
Convenient entry point on the bottom edge of the Bollinger Band indicator.
As you can see on the chart, this point is very close to support.
You can also get a short position from the current price to that point.
A good selling point is also suggested on the upper edge of the Bollinger Band indicator, which is close to resistance. $ 12 and 82 cents.
Good luck...
