Hi TradingView world. I thought I would touch base with you all again to show you something quite special. First, I'd like you to take a look at my ZOOMED OUT analysis of Chainlink. This should give you some perspective on the fibonacci retracement and some other historical trends shown on my short term trend analysis.
Link here:
According to my analysis (link above) mentioned earlier, Chainlink is preparing to enter its third impulse wave - all the while showing strong discipline towards the GREEN channel between 4.80 and 3.90 painted from the fibonacci retracement tool on a macro trend spanning over nearly 2 years. This trend is hinting towards a price movement to around 7.70. Although, some tingly feeling makes me think we'll hit at least 7.77.
DEFINITELY NOT FINANCIAL ADVICE - I MAY OR MAY NOT ACTUALLY HOLD CHAINLINK TOKENS
Link here:
According to my analysis (link above) mentioned earlier, Chainlink is preparing to enter its third impulse wave - all the while showing strong discipline towards the GREEN channel between 4.80 and 3.90 painted from the fibonacci retracement tool on a macro trend spanning over nearly 2 years. This trend is hinting towards a price movement to around 7.70. Although, some tingly feeling makes me think we'll hit at least 7.77.
DEFINITELY NOT FINANCIAL ADVICE - I MAY OR MAY NOT ACTUALLY HOLD CHAINLINK TOKENS
Trade active
LINK is still trading harmoniously within the green fibonacci channel. It looks like she's keen to retest the previous diagonal support trend in the short term.Still on track to visit the red zone EOM or early march. Expect accumulation within the yellow zone before it continues momentum.
Note
Wasn't as harmonious as I expected, but we got there in the end. If i did short the resistance I would not have waited for blue box to buy in. I'm far too delusional lol.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.