Chainlink analysis
Chainlink spearheading the defi space of blockchain and crypto. Looks like it has completed a 5 wave impuslive 12345 structure and completed the correction ABC.
The god market for crypto is Bitcoin and the god market for bitcoin is gold and gold goes up when the dollar weakens. It is unclear whether the short term structure of gold is bullish or bearish, and it'd be hard to confidently say that Chainlink can go up regardless of what is happening to gold, but the structure says we should form another 5 wave structure.
If you are trading, keep your stops wide, and make your positions small, for long term investors, this is a bullish sentiment.
Comment with your charts, let me know what you think. For any questions, hit the DM
Dont forget to like the analysis and follow for more content on crypto, forex, equities and commodities.
See related links for previous link analysis
The god market for crypto is Bitcoin and the god market for bitcoin is gold and gold goes up when the dollar weakens. It is unclear whether the short term structure of gold is bullish or bearish, and it'd be hard to confidently say that Chainlink can go up regardless of what is happening to gold, but the structure says we should form another 5 wave structure.
If you are trading, keep your stops wide, and make your positions small, for long term investors, this is a bullish sentiment.
Comment with your charts, let me know what you think. For any questions, hit the DM
Dont forget to like the analysis and follow for more content on crypto, forex, equities and commodities.
See related links for previous link analysis
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.