LINK: ♣Cup and handle pattern complete! Chainlink season!♣
Hello traders! While Bitcoin has been a little silent lately, LINK has been exploding with tremendous bullish force.
Here are the top key points and evaluations you should take note:
1. Cup and Handle pattern complete
The famous cup and handle pattern, which looks like a cup(of course) just completed. The break on $19.8 or on the top of the cup was very decisive, with a red volume bar, or exceptional volume. Price recently had a pullback on 19.8 and the bulls won.
2. Moving Average channel supported recent pullback
The channel prevented the recent pullback from going further, along with $19.8 support. This gives us confidence that the bull trend is valid and strong.
3. Bullish Channel Formed. Very steep, may breakdown
Price is in a yellow channel on the right of the chart above. This channel is very steep, about 75º steepness. We can expect this channel to be broken easily soon. But this break will not mean the end of the LINK bullishness.
4. Fibonacci resistances to watch
We should watch 1.414 as it is the next immediate Fib resistance. We can expect some bears there. 1.618 Fib is the next resistance after. The 1.272 Fib recently broke, and we may see an intraday pullback to that level before we continue our bull run.
5. AKEI(private indicator, releasing soon) validates breakout
Average Kinetic Energy Indicator, or AKEI(releasing soon) validates our breakout. The AKEI measures the power of each bar in relevance to the volume(more on AKEI when released) The AKEI confirms our breakout because of the power of the volume in relevance.
6. $32 price within 5 days
With the news and fundamentals going on with Chainlink, we may see some huge upmove compared to the other altcoins. $32 dollars is an ideal price because of the 2.000 Fib Retracement line. We may see a Chainlink Season: Part One here. Just make sure to enjoy the movie.
7. Fresh Uptrend for Chainlink
A fresh uptrend will gather many buyers for sure. After the pullback to $20, we will expect a zoom upwards.
These are bullish influencers that we should take into account. We may see Chainlink explode, but one last thing. Generally, Bitcoin influences the prices of the altcoins, so if Bitcoin crashes, altcoins would most likely crash. As of this writing, Bitcoin finished it's pullback, so we can see a bullish climb in our altcoins. Chainlink will explode up. Good luck!
Thanks for reading, guys! ♠Do not forget to like and subscribe to my TradingView Account!♠ Cheers!
P.S. about AKEI. I will release it in February. It is still under development. Please be patient for the release of this indicator. Thank you!
Here are the top key points and evaluations you should take note:
1. Cup and Handle pattern complete
The famous cup and handle pattern, which looks like a cup(of course) just completed. The break on $19.8 or on the top of the cup was very decisive, with a red volume bar, or exceptional volume. Price recently had a pullback on 19.8 and the bulls won.
2. Moving Average channel supported recent pullback
The channel prevented the recent pullback from going further, along with $19.8 support. This gives us confidence that the bull trend is valid and strong.
3. Bullish Channel Formed. Very steep, may breakdown
Price is in a yellow channel on the right of the chart above. This channel is very steep, about 75º steepness. We can expect this channel to be broken easily soon. But this break will not mean the end of the LINK bullishness.
4. Fibonacci resistances to watch
We should watch 1.414 as it is the next immediate Fib resistance. We can expect some bears there. 1.618 Fib is the next resistance after. The 1.272 Fib recently broke, and we may see an intraday pullback to that level before we continue our bull run.
5. AKEI(private indicator, releasing soon) validates breakout
Average Kinetic Energy Indicator, or AKEI(releasing soon) validates our breakout. The AKEI measures the power of each bar in relevance to the volume(more on AKEI when released) The AKEI confirms our breakout because of the power of the volume in relevance.
6. $32 price within 5 days
With the news and fundamentals going on with Chainlink, we may see some huge upmove compared to the other altcoins. $32 dollars is an ideal price because of the 2.000 Fib Retracement line. We may see a Chainlink Season: Part One here. Just make sure to enjoy the movie.
7. Fresh Uptrend for Chainlink
A fresh uptrend will gather many buyers for sure. After the pullback to $20, we will expect a zoom upwards.
These are bullish influencers that we should take into account. We may see Chainlink explode, but one last thing. Generally, Bitcoin influences the prices of the altcoins, so if Bitcoin crashes, altcoins would most likely crash. As of this writing, Bitcoin finished it's pullback, so we can see a bullish climb in our altcoins. Chainlink will explode up. Good luck!
Thanks for reading, guys! ♠Do not forget to like and subscribe to my TradingView Account!♠ Cheers!
P.S. about AKEI. I will release it in February. It is still under development. Please be patient for the release of this indicator. Thank you!
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