Chainlink (LINK): Possible Fake Double Bottom Pattern !!!
We are back with Chainlink, where we are expecting a possible fake "double bottom" pattern to form here.
Now, taking into consideration that we had recently broken a neckline of the H&S pattern on a daily timeframe, we still have a lot of room to fall towards our major target zone. This break of pattern in a smaller timeframe would be the perfect setup for further movement to lower zones here!
Swallow Team
Now, taking into consideration that we had recently broken a neckline of the H&S pattern on a daily timeframe, we still have a lot of room to fall towards our major target zone. This break of pattern in a smaller timeframe would be the perfect setup for further movement to lower zones here!
Swallow Team
Note
Chainlink is s till below the resistance zone, looking for a
We are still looking for pressure from sellers to grow so gameplain remains the same!
Note
Chainlink has had a sharp sell-off (large red candle), which is showing us a demand for further movement in the lower zones here.
Our gameplan has not changed and we are looking for a price to reach that lower zone of liquidity here!
Note
While Chainlink did nothing like we wanted to see price still had a nice small movement to lower zones here as well as to upper zones.
As of now, the price is slightly below our entry so idea has been canceled
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🚨 Authentic Mentoring
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
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.