Deliciiouz

Deliciiouz

Possible Cup and Handle pattern for chainlink in the daily (and also visible in weekly) chart. Break out above 33.50 dollar could evoke a nice move to the upside. This also fits quite nicely to the movement of that fractal I am watching for a while - visible in the background. Let‘s see.

Deliciiouz

I expect more downwards before we see better days. We reached the 0.618 fibonacci level on the last retracement only by one daily wick. So we actually didn't made it above 0.5 on the daily chart what is kinda bearish in my opinion. Beside the down trend for about one month (check the lower highs on the daily chart). We are hanging on the 0.236 level right now....

Deliciiouz

Let's see if this will form out. This could bring us back to the 42 Dollar area. Also at that area there could be a next inverse H&S be formed in a bigger picture. Of course this time everything depends on bitcoins momentum as well.