Chainlink (LINK) - DescendingChannelPattern
Good day all, it's been a while since I dived so deep into the charts but to me it's all becoming a lot clearer which way we could go in the coming weeks/months. There could be great opportunities to make some really good investments in the BIG caps again.
Small explanation for Chainlink we are currently in a descending channel, yes we can still go up a few percent in the coming weeks but for the long term it does not look good for Chainlink in my opinion.
We made the HIGH on May 10, 2020 then a low on July 19, 2020 and it looks like we have now made a lower high on November 08. For now, it looks more like we could go further down. My targets are $10 - $6.
Of course I hope we are going to go much higher with everything, But taking profits and being prepared for lower targets is of course never a bad thing. I hope this was helpful, please let me know.
Small explanation for Chainlink we are currently in a descending channel, yes we can still go up a few percent in the coming weeks but for the long term it does not look good for Chainlink in my opinion.
We made the HIGH on May 10, 2020 then a low on July 19, 2020 and it looks like we have now made a lower high on November 08. For now, it looks more like we could go further down. My targets are $10 - $6.
Of course I hope we are going to go much higher with everything, But taking profits and being prepared for lower targets is of course never a bad thing. I hope this was helpful, please let me know.
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