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Chainlin

LINK.USDT (Y20.P4.E8).Macro.Going longHi All, note: This is a continuation post so I'm keeping this short as previous posts explains my approach for LINK. Reference links are below. OBSERVATION: > We have 3 more days for the weekly candle to close and so far, its broken the previous resistance level on the weekly; > BTC dominance has hit resistance and will likely go sideways for the next few days giving the ALTs the chance to go up; > Previous BTC posts explains why we have hit resistance for BTC, its the 0.618 macro fib level, which will be a strong resistance based on this level; > One can observe 2 of the indicators has cross over on the weekly, showing initial\potential reversal; > Looking on the daily, we can see a bottom formation taking place, represented by the orange triangle, chart below; > FYI, the green band was my previous point of entrance as it was the weekly support area which had confluence with the 0.382 fib level + a few more points, but you can look that up my previous posts. >21 Weekly EMA, similarly as BTC, acting as support, this suggest we should keep an eye on this. > Note how price has broken the 0.236 fib level on the macro. All this plus a few more points makes me think, we should be near the reversal stage soon. FYI. If you on FTX, its a good opportunity, risky but can be highly rewarding to go with LINKBULL. Sometimes its better to see a better upward trend before you jump in. All the best, Regards, S.SAri Weekly chart: Green is the 21 Weekly EMA, similarly as BTC, acting as support, this suggest we should keep an eye on this. Daily, BAT harmonic target Another bullish target using the height of the triangle Close up, 8 hrly chart, some upward pressure still there. Note the key levels, needs to hold for the next day or 2 for it to go bullish.
Long
by ssari
2