Algo has gone to the MOON, lets wait for it come back to earth to start making new positions.
Notice the lines, I drew them 3 weeks ago and we just respected the major support and bounced back. We are holding 38k because Musk has Diamond hands!
Looks like BTC is scratching the surface of a major correction.
Channel is holding well, If next high breaches channel the new highs will continue as the support is holding strong. Method Line (From our resident Token Expert) : Predicts that by end of this year Chainlink will hit 20 dollars. Current Technical : Shows it has good potential to hit 18.
The main trend line is still not breached, if that breaks we will see strong movement on the down side creating great buying potential. The next levels we are looking is the cross of descending trendline meeting with the main support trendline. The supports are weak at this stage and cannot be relied on.
Seems like the Paypal wind is fading, Even though the trading momentum has gone down, the holders are holding strong maintaining the price above 12. Good signs for a strong support level being built at 12. Long Term, Strong Buy Target - Break back into the channel. Hold - If it keeps the oscillations, wait for better pricing. Follow up on previous Idea, ...
Link has been increasing steadily and the technicals are showing it maintaining VWAP and playing a corridor up.