The chart explains it all, LINK has hit the golden pocket during the correction and will most likely get a leg up to somewhere around 40 euros before most likely getting a correction again. This target would also seem like a logical target to hit since LINK is also in arising channel where the upper channel is 39 euros.
I predict the link's rise in November 2021 to 74/84 euros but not before testing global support on 10.68 / 9.78 EUR
Beautiful uptrend in LINK since early Jan 21, still intact. I can't wait to see where this is going. Holding since 3 euros.
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History repeats itself, and I think chainlink will hit 40€ in the next 2 ot 3 weeks!
Distribution Schematic LINK EUR Test Will how this simulation works in the next couple of days
My plan is to wait for a bullish entry signal when the price is between the 30%-50% retracement of W3 (16e-14.2e). For now a short to this range could also work.
I'm not an expert, I'm new in this world and I'm learning about trading. This are my predictions based in the techniques that I'm learning from the book "Technical analysis of the financial markets" by John J.Murphy Don't trust this analysis before comparing it with another, and feel free to comment your opinion below if you're an expert!
After just about clearing it's previous ATH, LINK has been given time to consolidate for another potential move upwards. Hopefully some BTC and ETH profits will flow into LINK now it is ready to move. Stop loss is tight here but is given enough breathing room.
LINK is on a correction waves path, the B should be over, now it should head toward C
The idea is that we are reaching the end of a triangle that forms a B wave of a w2 retracement of a higher degree. 10:1 might be to risky for some, but with the right PA it's possible. We should drop to around the high volume node to finish the retracement before continuing upward. Good confluence with golden zone for W2 retracement and high level node. Wait...
If price falls to cca 11.3 it could be a part of an ABC corrective wave, possible 3:1 on B wave before possible drop. Just an idea, not financial advice.
After price came down to the expected level of a 4, expecting an extended 5 wave to go to cca 15eur. RSI also shows almost oversold market.
LINK MIGHT HAVE SOME ISSUES RELATED TO THE SEC SUE AGAINST $XRP, therefore could have some movement towards below. Good Point of Control above also allowing to put a really tight stop loss and a huge possibility of making good pips. Happy holidays!