✴️ Chainlink On The Brink Of Bullish Explosion (78% Easy Target)
Updated
The same situation I explained in the Polkadot (DOTUSD) trade idea, is taking place here.
The simplified repeated price action pattern has a variation on the LINKUSD (Chainlink) chart, instead of a higher low this year compared to last, we get a lower low which changes nothing.
Chainlink produced a lower low in June 2023 vs December 2022.
We have a strong bullish wave followed by a correction that is now leading to a new bullish wave phase.
The confirmation here comes in the form of the EMA50 indicator.
First, LINKUSD broke above it last month and now it has been tested as support and it holds. Trading above it opens the doors for sudden/fast growth.
The consolidation has been going for a while now, I think we only have a few days left before everything shoots up. The easy target is 78% on this one, more in the long-term of course.
Namaste.
The simplified repeated price action pattern has a variation on the LINKUSD (Chainlink) chart, instead of a higher low this year compared to last, we get a lower low which changes nothing.
Chainlink produced a lower low in June 2023 vs December 2022.
We have a strong bullish wave followed by a correction that is now leading to a new bullish wave phase.
The confirmation here comes in the form of the EMA50 indicator.
First, LINKUSD broke above it last month and now it has been tested as support and it holds. Trading above it opens the doors for sudden/fast growth.
The consolidation has been going for a while now, I think we only have a few days left before everything shoots up. The easy target is 78% on this one, more in the long-term of course.
Namaste.
Note
Bullish breakout confirmed.Additional growth absolutely possible.
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