Unless LINK is able to close above $15 dollars for a breakout scenario it is most likely that a correction is to take place as it carries out ongoing sideways movement. There is support at $13.5 and strong support at $12 where a bounce back will likely occur. The sideways uptrend movement will result in stronger bounceback with targets $15 and $17 dollars as...
Link appears to be in the final leg up of a flat correction. I am targeting the GZ and my first target and the 1/1 extension as my upper target. This move also has confluence with BTC which appears to be pushing up for its wave 5. Once Link completes the move up we should anticipate the move back down to the range lows. If you are trading Link you will know how...
It is not quite catching all the moves but these seem to line up with the medium to big ones. I was just trying to have a look at some mid/long term price targets, and I will be aiming to add to my position in between the $8.5-$9 area. Not quite sure about the upside but I think chainlink is very undervalued so I would not be surprised if it goes to anywhere...
After my last analysis on chainlink, all remains good. We broke through our downtrend, then bounced off it turning it into support. We then make another push creating a new support line. We seem to be bouncing up off the 0.5 fib which is also good :)
Chart pretty self explanatory
Link broke last downtrend on 8th Oct but the push didn't last long
breaking down slowly over the next week
lows of $8.54 leading to more downs to as low as $6.58
maybe even lower if other De-Fi's like ADA take off and market continues down
LINK top of the De-Fi right now
the whole De-Fi market cap dropping
$10 highs or $8.8 lows with a further slow drop
watching for any changes around 8th Oct
large volume or major De-Fi news needed to change this current downtrend
[ Investors point of view aka bullish ]
Currently 16th Sep 20 22:44pm
Possible entry to hold long and again @'$8.60' Mark if your looking to hold for the coming years ahead.
and again at $7 .. I personally don't think it will go lower that $7 during this bull run.