ChainLink - Perfect Bounce!
In our previous analysis we mentioned that we were looking for a reversal at the $14 level where we had the completion of the ABC correction.
Price came down to test that level perfectly and bounced! Sometimes when there's a trend reversal, there's a particular price action that takes place such as double bottoms, reversal wedges etc. We may see a double bottom from ChainLink before moving higher - so if you haven't got in already, this may be your chance!
Trade Idea:
- Watch for price to come back to the $14 level
- Enter once double bottom appears
- Stops below the bounce
- Target the recent highs as first target and HODL the rest as we may see the next big bull run
See our post on reversal patterns below:
Goodluck!
Price came down to test that level perfectly and bounced! Sometimes when there's a trend reversal, there's a particular price action that takes place such as double bottoms, reversal wedges etc. We may see a double bottom from ChainLink before moving higher - so if you haven't got in already, this may be your chance!
Trade Idea:
- Watch for price to come back to the $14 level
- Enter once double bottom appears
- Stops below the bounce
- Target the recent highs as first target and HODL the rest as we may see the next big bull run
See our post on reversal patterns below:
Goodluck!
🥃 Crypto Signals Since 2017 🥃
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
💎Telegram t.me/AltSignals 💎
📈 Signals/Algos altsignals.io/join 📈
Related publications
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.