Get started
ChainLink / TetherUS PERPETUAL CONTRACT

$14.4 key support

By fueledbynicotine
Updated
If we find support at one of the retracement levels, coloured green, above $14.4 in the first few days of December or middle of December, expect continuation of the bull market. If it turns without finding the appropriate support, consider it the B wave of a corrective formation.

Otherwise, breeching of $14.4 means we free fall to lower levels.
Comment
Small retracement, will consider it a successful uptrend if it closes above $29
Comment
$19.1 seems like the most probably. If it doesn't hold, consider $14.4
Comment
Looks like we've topped at around 26.5$ so expecting us to go down now
Comment
Looks like we've topped at around 26.5$ so expecting us to go down now
Comment
Beware the bulltrap. Price and time have not balanced.

Expect a dump either today or tomorrow taking us below the previous low of 15.0 to around $14.4-$14.6.

Once those levels hit in that time frame, expect resumption of bull market. If 14.4 breeches, along with 13.3, be very concerned.
Gann

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.