Let me start off by saying that I am not a financial adviser. You should not take 100% seriously anyone on the internet. So take my advice with a grain of salt and do your own research before investing in any coin.
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.
Key points:
1)LINK has a strong trend line that has not been breached
2)link is forming a massive cup and handle 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 trend line 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
First target:
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!
Follow me on tradingview if you found this helpfull
Donations in BTC:
1xUU83C4eaHy9dTKuFcn86HFkXa8Topb7
Donation in LTC:
LcSEL5a9ZSX2z2TH6ZzmzGnmSyF7riLeuC
Donations in ETH:
0x39bf470d25a9a9d5171d674b8740653b8db3cb9f
Thank you for the support! :)
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.
Key points:
1)LINK has a strong trend line that has not been breached
2)link is forming a massive cup and handle 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 trend line 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
First target:
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!
Follow me on tradingview if you found this helpfull
Donations in BTC:
1xUU83C4eaHy9dTKuFcn86HFkXa8Topb7
Donation in LTC:
LcSEL5a9ZSX2z2TH6ZzmzGnmSyF7riLeuC
Donations in ETH:
0x39bf470d25a9a9d5171d674b8740653b8db3cb9f
Thank you for the support! :)