In a recent article on Loopring (LRCBTC), I mention the 0.618 Fib. retracement support.
(You can find this article by visiting my profile and searching for LRCBTC)
Here we have ChainLink (LINKBTC) bouncing off this exact same level, on a bullish cycle, which can signal that the retrace is over and this pair can continue to grow.
Support and resistance levels based on Fibonacci proportions are marked on the chart.
The bulls have the upper hand.
Conditions for change
We look at lower prices only if LINKBTC move and closes below EMA50.
Any trading above EMA50 and we remain strongly bullish on this altcoin pair.
Thanks a lot for reading.
Namaste.
(You can find this article by visiting my profile and searching for LRCBTC)
Here we have ChainLink (LINKBTC) bouncing off this exact same level, on a bullish cycle, which can signal that the retrace is over and this pair can continue to grow.
- EMA50 has been tested as support and held strong.
- Additional bullish action is possible.
Support and resistance levels based on Fibonacci proportions are marked on the chart.
The bulls have the upper hand.
Conditions for change
We look at lower prices only if LINKBTC move and closes below EMA50.
Any trading above EMA50 and we remain strongly bullish on this altcoin pair.
Thanks a lot for reading.
Namaste.
Note
New high for ChainLink... it just keeps on growing.
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🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.