ChainLink LONG
Updated
Volume has increased so much. I'm 99% sure this is because Binance is faking the volume, it's too artificial.
Appears to have bottomed out and is making its way up. EMA 34 and EMA 55 are looking to cross each other, same with MACD.
Broke rising triangle.
I would personally wait until the MACD and EMA has crossed fully before buying in: this movement could just be a fake-out.
Support has formed on top of triangle on 1h chart.
Targets (Fibonacci):
1) 5845,
2) 6539,
3) 7232,
4) 8091,
5) 9478
Appears to have bottomed out and is making its way up. EMA 34 and EMA 55 are looking to cross each other, same with MACD.
Broke rising triangle.
I would personally wait until the MACD and EMA has crossed fully before buying in: this movement could just be a fake-out.
Support has formed on top of triangle on 1h chart.
Targets (Fibonacci):
1) 5845,
2) 6539,
3) 7232,
4) 8091,
5) 9478
Trade active
Broke out of triangle, still has momentum.Remember to secure some profits though.
Targets:
1) 5845 reached April 30.
2) 6539 (next)
3) 7232
4) 8091
5) 9478
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