Strength looks to be tapped here and potentially going to start a decline in Chainlink. From my wave count, this would put us into the intermediate Wave C, then completing the primary Wave 2 of one higher degree.
I am looking for Chainlink to re-test the ascending RSI Trendline I have set, with potential break below.
I am short from $17.34
I am looking for Chainlink to re-test the ascending RSI Trendline I have set, with potential break below.
I am short from $17.34
Note
As long as we don't take out the prior 12H candle's high... we should be good here for the end of Wave B and will continue our descent of Wave C.Potential price targets for C marked with arrows. Way early... need to see how thing play out and will adjust from there.
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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.