ChainLink: Drop Your Ball and Chain! ⛓ChainLink should drop its ball and chain to escape from the current sidewards movement in favor of the expected ascent. From the low of wave (ii) in blue, the altcoin should head for the resistance at $9.50 and surmount this mark to develop wave (iii) in blue. The subsequent countermovement of wave (iv) in blue should happen above this level as well. However, there is still a 33% chance that ChainLink might slip below the support at $6.43, thus triggering further descent below the next mark at $5.38. In that case, we would expect a new low in the form of wave alt.2 in green before fresh upwards movement can take hold.
Chainlinkidea
Link ready to keep pushing up!!Chainlink has been following alongside the market mostly ETH and BTC and we had a bit of a correction but we looked primed and ready for a big upswing! We are currently looking to break the 0.3 FIB Level and it would be ideal for us to get a nice close above it tonight! Our zero lag MACD seems like we are about to see a confirmed reversal! our red MA is reversing and now coming back up and i am looking for our blue and orange to get that confirmed flip to bullish! We had a slight downtrend dip on our RSI and we are currently looking to break that 50. point to get the confirmed uptrend! I think LINK is a very solid hold for sure and i believe we are going to see strong upwards movement soon, remember almost every coin is following ETH and BTC so gauge those aswell! NFA just my opinion!
LINK looking for new ATH this week!!!Chainlink has been seeing some very nice movements up the FIB retracement, we currently are sitting in the 0.7 FIB level (1 away from our ATH). Also we are regaining the longer term ascending channel, If we see a daily close for Link above this 0.7 FIB i could see us really take off to test the ATH and ultimately create a new one and enter price discovery! Even if we get dragged below the 0.7 for tonights close I would still have the same opinion just on a little longer timeframe, Altcoin season is just starting! Our Ichimoku cloud has changed and is starting to print some green support. The Zero Lag Macd has crossed bearish but could still reverse, i think if we did see any downwards movement itll be for a day which could be seen as a healthy pullback. NFA just my opinion!
LINK Wedge breakout!!!Link has been showing lots of strength running alongside ETH! We are currently trying to regain the 0.6 FIB level for the daily close tonight and then in the coming days go for that 0.7 level! Also once the 0.7 FIB level is broken we will be reentering the ascending channel. Our MACD looks very bullish showing lots of separation and upwards trend. The RSI is coming down slightly due to price action but we still remain in the uptrend territory and i believe this is just a little cool off! The Rate of Change indicator is very similar to the RSI and confirms we are still in a uptrend and on the ROC we are a greater distance away from that mid line! I think this coming week we could very well see a new ATH for Link we saw ETH recently create a new ATH! NFA just my opinion
Chainlink UpdateHi Guys
The price has formed falling wedge and already 2x down from ATH, you can fill your bags from here. I don't think we can go down more from here. Once the link rally started no alt coin beat it.
Link is my favorite project and my 70 percent portfolio in link. we will see ATH soon in USD value.
Targets on the chart
Best of luck
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