Loving the action on LINK/ETH, especially during a time of strength for ETH
It's been putting in a very nice channel and lately formed a base from where it's tested the longer downtrend
The next day will need to have some more volume come in
If this is the case, the previous high would be the target - about a 30% move if you consider this triangle (not giving to...
The "e" is usually a smaller correction than 50% (based on the "c-d" swing). The next impulse (after "e"), it's usually part of a ABCD pattern (AB in place on the "c-d" swing, where, AB = CD and CD = 127.4%-132.8% or 161.8% of AB). But the right level will come from adding a Fibonacci Retracement, on the "d-e" (counter trend fib) in order to find the Fibonacci...
Triangle resistance has been broken, price restested the resistance and bounced from it. OBV looks good, we have the price above the MA's. Target 15% Stop loss 5%
Looks to me like a large ~11 week cup and handle forming since mid-October.
The handle has been forming for a while, however I know it shouldn't really breach halfway down the cup (which it now has). Could still be intact, and if so, the Fib levels 1.0 (conservative) and 1.618 (ambitious) could be potential targets.
MACD negative momentum is slowing, though no...
Chainlink (LINK) Has broken above resistance on pretty decent volume. More importantly, the pullback was on much lower volume showing people with strong hands are holding on.
Old resistance area was tested and is now new support. Add to this a great team with great project and a
move maybe imminent.... few days to month. Much depends on overall crypto market as...
