EdgarTigranyan

Chainlink ready for $48 according to these specific patterns.

COINBASE:LINKUSD   Chainlink
Hello all. looking at chainlink on a daily timeframe we have two patterns that are primed to play out in a very short time. first pattern is the ascending triangle which is a bullish pattern. The breakout for this pattern will put link at $48. Second, the cup and handle pattern gives us two possible breakout targets target 1 $40 and target two $48. both ascending triangle and cup and handle patters gives us a price target which also correlates with fib 1.6 level, again at $48. Overall Chainlink remains bullish as it trades in this yellow rising channel, above the 50 EMA, and gets very close to braking out one of these patterns as there is little room left for consolidation. Thanks for reading. Enjoy.

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