LINK/USDT LINK has set up a new Higher Low at 1.7 and currently testing the downward trend-line of this giant pennant triangle pattern. If the LINK pulls back and retest key support area between 2.33 - 2.14 and holds it a couple of days. There is likely a chance of breakout in the coming few weeks.
Chainlink has broken down a rising wedge. The decreasing volume (on the bottom of the chart) is confirmation of the successful breakdown. Based on wave analysis, it is possible it may downtrend further. Shorts are not something I trade personally, so this idea is only for the benefit of my followers who do and for those considering adding to Link's technical...
As usual; set your stop losses first: $10.46 STOP These are short exit TP1-3 target positions from conservative to moderate to aggressive stances. .. it is more than likely TP1 will hit within 24h whilst TP3 can occur anytime between now and 72-90H; contingent on many indicators/variables, most prominently BTCUSD priceaction as it struggles at the 21...
Volume KC, Bollinger’s, RSI, && Burkowski does it again— a double bottom & three drivers Further validated by of course squeeze momentum, volume being the final box on the checklist coupled both with recent sell off of BTCUSD( See last publication) I am freezing my ass off but I will try to update later for now I will post the publication so that nobody has the...
$LINK $USDT Significant bearish divergence on the daily chart; POC (yellow) now acting as resistance as well. If this goes south I'd look for the 2.11$ level to act as support.