I decided to post another daily timeframe chart. Today is Chainlink. Nowadays processing huge crypto expand with Bitcoin and Ethereum leading.
This time, I want to keep an eye on Chainlink due to nice upside potential where doors are open with regression trend top, around 20 usd in the midlle of median, or even top around 30 usd. If at top, it will mean new Chainlink ATH. For those ho trading ( me not ), good stop-loss is somewhere near golden Fibo zone ( 14 usd ). You should always use at least some stop-loss level to protect your finance. Chainlink always follows BTC in higher volatility moves! Never use leverage.
So conditions are simple. IF BTC will hold and rise more, Chainlink space is open to the upside. I want also see this uptrend support holding. I am looking on this longer time and 1 month ago Link finally broken from downtrend. I like to make TA it simple and you can use my Fibo as point of navigation.
Let's see what happens next.Future is in stars.
Emvo.
*This is not a financial advice.
Kommentar
⋅
Falling below support and golden Fibo zone. It needs recover to maintain in trend.
Kommentar
⋅
LINK often falls before BTC break to the downside so now is waiting for BTC. If new ATH occure, I am expecting return to the uptrend channel.
Kommentar
⋅
Link formed another lower channel. Anyway, I like to see jump back to this one. It's similar to break above median of this picture.