With ChainLink breaking the $ 2.79 for the second time over the course of the last seven days. One can begin to see where the clear resistance lies. Now let me breakdown my graph for you all, green indicates the one day forecast from my previous post. As you can see I do expect to see $ 2.82 tested again before a correction sets in over tomorrow and part of weekend. Expecting at least one and a maximum of two short opportunities from this correction. However I do not expect this correction to hold and a long position will be available once more, to begin testing the $2.79 - $ 2.82 areas of resistance again. I do expect some sideways movement in the coming weeks or will the bulls prove me wrong to push towards $2.90 next week?.
Regards
EWH
Regards
EWH
Note
Much greater correction than I had anticipated. Expect to see LINK drop another 3.5% over the next 24 hours. Regards EWH
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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.