Chainlink(LINK) breaking out, get ready to launch!
Updated
Hello. According to my technical analysis, LINK is ready to have a good rise in price.
LINK recently broke the red dashed line and the 0.5 Fib in one daily candle, which is bullish.
LINK also broke out of the triangle pattern highlighted in orange, with healthy decreasing volume.
The RSI formed its own triangle pattern, in which it did not breakout yet. If we want LINK to make its journey to at least $40, the RSI must breakout of its red dashed line.
BTC also recently pumped to 66k, so the altcoins, including Chainlink, should follow.
Thank you for reading! Put constructive feedback in the comments below.
LINK recently broke the red dashed line and the 0.5 Fib in one daily candle, which is bullish.
LINK also broke out of the triangle pattern highlighted in orange, with healthy decreasing volume.
The RSI formed its own triangle pattern, in which it did not breakout yet. If we want LINK to make its journey to at least $40, the RSI must breakout of its red dashed line.
BTC also recently pumped to 66k, so the altcoins, including Chainlink, should follow.
Thank you for reading! Put constructive feedback in the comments below.
Note
LINK so far is doing well!
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.