ChainLink - Watching For A Breakout 👀
ChainLink hasn't moved much since our last post. We appear to be in a descending correction we know descending correction = bullish reversal.
We just need to be a little more patient for the breakout and once it comes (and it will come), it'll make all the waiting worthwhile!
A good indication that we are almost about to reverse is that we are in an abcde descending correction and we're on the final e wave.
Trade idea:
- Watch for a strong breakout. Use the red descending trendline as confirmation
- Once price action appears, enter with stops below the lows
- Target the recent highs as first target and HODL the rest as we may see the next big bull run
Goodluck!
We just need to be a little more patient for the breakout and once it comes (and it will come), it'll make all the waiting worthwhile!
A good indication that we are almost about to reverse is that we are in an abcde descending correction and we're on the final e wave.
Trade idea:
- Watch for a strong breakout. Use the red descending trendline as confirmation
- Once price action appears, enter with stops below the lows
- Target the recent highs as first target and HODL the rest as we may see the next big bull run
Goodluck!
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