Oh Good, ole' ChainLink a coin of its own league, top-notch tech, top-notch community, and just outstanding performance.
Now after it's recent ATH it's taking a moment to breathe and consolidate in this new range of $14 to $12.
The lower part of this range has some pretty impressive support, with at least 3 previous swing lows turned support, the 100 MA acting as support, and the Ichimoku cloud.
I'm counting on massive buying pressure to support the price if it goes to the lower $12's or upper $11's.
Volume has been dropping off, which is reasonable after such a massive bull run, but still not something to worry about.
I'm looking to get my long filled from 12.5 to 11.5 and placing my Stop Loss 1.5 ATR below the 100 MA close.
Maybe I should give it some more breathing room but hey, this market has been so aggressive that you don't want your capital locked in on a coin that's not PUMPING HARD.
Now after it's recent ATH it's taking a moment to breathe and consolidate in this new range of $14 to $12.
The lower part of this range has some pretty impressive support, with at least 3 previous swing lows turned support, the 100 MA acting as support, and the Ichimoku cloud.
I'm counting on massive buying pressure to support the price if it goes to the lower $12's or upper $11's.
Volume has been dropping off, which is reasonable after such a massive bull run, but still not something to worry about.
I'm looking to get my long filled from 12.5 to 11.5 and placing my Stop Loss 1.5 ATR below the 100 MA close.
Maybe I should give it some more breathing room but hey, this market has been so aggressive that you don't want your capital locked in on a coin that's not PUMPING HARD.
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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.