Third best entry into Link OF ALL TIME (linkbtc and linketh)
Updated
LinkBTC has gone against the lower limit of the weekly bollinger band twice before. Technically speaking those would be the best time to go into link versus all other major coins considering how important btc pairs are. BTCUSD has been on an absolute tear and that is why linkbtc has been brought to the base of the bollinger band.
The wicking and now green candle about to complete in some 22 hours suggest the bottom on the pair is roughly in. The massive amount of bullish divergence on the MACD and the RSI also back this up. This is now the third best entry into Link of all time on the weekly timeframe.
Link.d is also at a relative low. I made the green boxes first based on visual recognition then threw the MTF BB on and I see that link.d is against both the weekly BB lower limit and the monthly baseline. Given how well linked is poised to set ATH and how it is set to rally against BTC there is a lot of confluence saying link is going gangbusters to the upside.
Likewise link is poised bullishly against eth. It seems that for a long time there will be endless gains for chainlink. This is the second best entry against Ethereum.
I cannot, for legal reasons, guarantee anything. But when link is going to 40-50k a few years from now and you own and held the link you bought after reading this you will be glad you bought however many link you buy. This is like buying btc or link at $15-20$
The wicking and now green candle about to complete in some 22 hours suggest the bottom on the pair is roughly in. The massive amount of bullish divergence on the MACD and the RSI also back this up. This is now the third best entry into Link of all time on the weekly timeframe.
Link.d is also at a relative low. I made the green boxes first based on visual recognition then threw the MTF BB on and I see that link.d is against both the weekly BB lower limit and the monthly baseline. Given how well linked is poised to set ATH and how it is set to rally against BTC there is a lot of confluence saying link is going gangbusters to the upside.
Likewise link is poised bullishly against eth. It seems that for a long time there will be endless gains for chainlink. This is the second best entry against Ethereum.
I cannot, for legal reasons, guarantee anything. But when link is going to 40-50k a few years from now and you own and held the link you bought after reading this you will be glad you bought however many link you buy. This is like buying btc or link at $15-20$
Note
Here is linketh after a banger of a day, with link up over 25 percent against eth. Here is the same against BTC. Obviously some wicking is to be expected but Link is showing strength from this oversold position that should last for years to come.
We will have to struggle our way through the long term EMAs and ultimately the weekly and monthly Bollinger bands but I am not going to think of leaving link till we are at least above the weekly Bollinger band on eth or btc. Hopefully both.
Note
I suspect we will be breaking the weekly midline here shortly and leverage traders could consider closing some of their margin longs at or above the weekly BB upper limit.
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