Bear channel to a Bull pennant to a rectangular consolidation pattern that should only last 3 to 4 weeks if it stays in the rectangle longer than 3 weeks technically this is a continuation pattern to the downside.
Weekly and monthly time frames are still Bearish.
I think so. The solid red trend line correlates with the solid red measured move.
The dotted red trend line correlates with the dotted red measured move.
If the ascending wedge breaks then look for support from the green trend channel line. If the green trend line does not hold up then look out below and look for the measured moves to play out. Most likely an...
Link took a tumble out of the ascending wedge a few weeks ago. Inside of that wedge is a bearish 3 drive and this tumble out of the wedge is forming a bullish 3 drive. These next couple of days we should see link make a run if BTC continues to go sideways. IF BTC drops so will chainlink. Lets see how this plays out. Should get interesting.