Despite the recent blow top, there has been tremendous support and consolidation around a dollar. The RSI has not dipped past support and we are indeed in a bull run.
!. Beat the bots: sooner or later whales will come through and buy the books or conversely sell them all. Volume is low and games may be played with LINK/BTC until the asset is listed liberally....
Chainlink is moving in a corrective structure since it reached 0.000086 and in case it retraces a little further it will give us the comletion of a bullish gartley pattern with its D point completing into a key support zone.
Sl and tp as shown in the chart. In case price reaches the first tp we better move sl at breakeven at second position.
All the best,
John
Link has a bright future and I am excited to be able to chart it for the coming future.
I established my long position @ 0.27338797 USD or 0.00001930 BTC
TP: $10 or .00072 BTC
Duration of trade 1-2 years
This chart is showing my prediction of price movement within the newly established channel since the upward breakout of the wedge.
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.
