Currently sitting at the very bottom of an under-sold status on the,monthly RSI chart. Chainlink is getting ready to peak out above the negative trendline. Looking back at the daily chart, we may have found our support for further momentum upward at or near $17. This is showing our next hurdle on the 4 hr chart is going to be $22-$23 for link to assume new support at this level. I honestly see Chainlink moving further upward and this may be the last time we will see its $14-$16 price tag. Good luck and happy trading
Trade active
Tested support on the 4 hour chart @ .236 ($17.50 range) if this holds expecting a next move up to $19 area. If it fails $16.50-$14 is in playTrade active
Note
100 day moving average on the 4 hour chart buy signal is officially in play, you can wait on on the 200 day MA or the next bar close to confirm or enter now, up too youNote
100 days ago today (black line highs)200 days ago (orange line highs)
Note
Small break out on 4 hour chart , looking to target $21-$23. Watching bottoms, may fall hard to $16.50 if support @ $19 isn't confirmed.
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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.