ChainlinkShort
LINKUSD (Chainlink) is this a false breakout and rising wedge?
Updated
This ChainLink chart stood out in terms of risk
Unlike
1. BTCUSD and others are consolidating mostly in a symmetrical triangle
2. others like UNI (uniswap) ATOM (cosmos) ALGO (algorand) COMP (compound) may have already broken out and reconfirming support
3. even others like KNC (kyber) BAT (basic attention token) ZRX (0x)
If this is a false breakout + rising wedge it could be mean short-term bearishness
I am still Long but will watch closely for this breakdown.
Hopefully it's an isolated case.
Unlike
1. BTCUSD and others are consolidating mostly in a symmetrical triangle
2. others like UNI (uniswap) ATOM (cosmos) ALGO (algorand) COMP (compound) may have already broken out and reconfirming support
3. even others like KNC (kyber) BAT (basic attention token) ZRX (0x)
If this is a false breakout + rising wedge it could be mean short-term bearishness
I am still Long but will watch closely for this breakdown.
Hopefully it's an isolated case.
Note
I couldn't seem to update (marked this post as "short").I am still long but if it breaks 21.19 (last low) will likely close and look for opportunities elsewhere.
Trade closed: target reached
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