L.INKBTC broke out of this descending wedge nicely.
Looking at volume we can see that there was a strong move to push past that trendline resistance, as well as through the 100 and 200MA on the 4H
RSI has hit 70, so expect a pullback to the MA
Just keeping an eye on this for now.
I'm learning so this analysis will be quite basic.
No position entered on this one,...
Chainlnk is set to retest upward sloping support and continue its move to the upside, short-term gains of at least 20% expected . It saw gains of over 270% last month and has just announced Iotex partnership. This is just my opinion and not advice but I think buying this dip is a good idea.
Link is showing signs of a repeat pattern as shown on the chart. Wedges formed and price looks to continue respecting them. Target sell zones added, scalping possible.
LINK has been in consolidation for the last week after dropping back through the 0.236 fib support. It consolidated beneath in an ascending triangle on the 1hour chart and has just broken through.
Zooming out to the bigger picture (daily timeframe) it looks like a cup and handle.
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