Here's a simple idea on chainlinks Breakout ( red circle ) keep an eye on support and resistance marked in this graph. If it drops it could go to $10.
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Possible support identified on Daily Chart $16 looking to test $19-$22 NextTrade active
We have lift-off!! A sign of hope would be a close above 16.66 by end of daily (3 hours)Note
Anything below $16.18 keep an eye on it, it can slide down fast!!Trade active
Breakout confirmed. Was sketchy with the $16.66. The bottom most vertical line confirms the uptrend use that as your profit markerTrade active
Not out of the woods yet , HUGE SPIKE UPWARD unexpected. Watch for a fake out. $17.50 is rocky and unstableNote
Testingb.618 support $17.50-17.35 . If it fails expect a retrace to just above $16 +/-Note
Have a great Sunday everyone! Today I'm having a family day. Good luck and I'll update Later Tomorrow. Enjoy your day as well. 🚀📈🤞Trade closed manually
Just a warning, these two are looking too similar, may have a breakdown/ triple top setup with a retracing to $14-$13 range. Or this could be a Break out to Higher Highs. Keep an eye on this resistance line. Don't be fooled by a false breakout ! Note
Small breakout on 4 Hr chart. Looking to move upward to 19 possible
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If this next cande doesn't pump, we're back to 16, possibly lower keep an eye on .5 fibNote
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Looking at the. Current pattern we have 2 smaller bounces with a retracmenent then a possibly the breakout upward 🤞Note
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Looking at the daily Fib were currently sitting at the .382 with a 2nd touch for our support. If that doesn't hold look for $14ish areaNote
Comparing crash events, from covid to September's Flash Crash. It seems more likely were on the September dump and recovery trend. Take it for what it's worth, just an observation. Note
Keep an eye on Daily Chart, link approaching previous high,, watch for double top if link can't break past 19. May retrace to 16-15.Note
Currently link is aiming for $20 with a test for support afterwards @18. If that fails , we could see a big dive back down to $14. Keep an eye on support levels @ 16. If that breaks down in the next week , we are definitely not out of the Winter Bear Market.Trade closed: target reached
Approaching target of $20. Watch ur tops. May retest @ $18.5. If that breaks down $16 is now our support.Note
Looking to hold support @ $18.50. If it breaks next support level $17. There is Bull Flag forming currently, next small bounce would take us up to $21-$22 range. Lookout for a retracement on lowest support of $17. That would begin to form a left shoulder and head. I don't see a right shoulder breaking if that happens. After retouch at 17, sky's the limit for chainlink. Have a good week!!Trade active
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A,B,C,D,E Pattern possible Note
Possibly a 12% retrace from its previous candles high. Which would take us back to around $16.30 areaNote
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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.