We are IN the buy zone NOW!
ChainLink is possibly the coolest and most underrated projects out there in the crypto space.
With a market cap of only 250 million this coin can easily 4x your money within a year.
DYOR and here is my analysis:
Keep this in mind: What was resistance in the past tends to be support in the future and the other way around.
1)LINK has a strong that has not been breached
2)link is forming a massive formation
3)LINK is far from its ATH back in October
Now after the run to 9000 LINK has corrected. As far as my research shows ChainLink does not like to retrace to the 78.6% mark so it probably will continue to not do so. It loves the 62% mark.
As I already said, keeping in mind the and the corrective patterns we are in the buy zone. I advise:
1)Med size buy order: @6450 satoshi
2)Large size buy order: @ 6000 satoshi
1) 50% sell of @ 10500 mark
2) 100% sell of @11300 mark
Buy back @ 9900-10300 mark
I really don't think that after the wave up LINK will retrace more than 23,6% because the previous high will be close buy and wave 3 cannot go lower than that the top of the previous high
Good luck and happy trading!
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Thank you for the support! :)
If this lvl will be broken, we have 5259 sat. lvl. which is another strong resistance.
Those lines are nice guideline for planning your transactions. I missed that LINK bounce from 6000sat. in the morning. RSI was low, and there was a chance for 5-10%.