Chainlink has 80%+ potential growth vs Bitcoin!
LINK has been one of the best performing top 100 market cap alts in the first half of the year.
After making all 5 Elliot waves it was time for some correction. It seems now it is the perfect spot for new growth:
- we have a higher low (bullish sign)
- its located in the area between 0.618 and 0.65 Fibonacci levels (golden pocket)
- there is a strong support line at the same point (black triangle bottom line)
- we also bounced a bit from the price where most volumes were made (red line)
- indicators are slowly crossing on a daily timeframe (Stoch RSI already, MACD responsive one also..)
If we take into consideration the fact that many coins are on crucial levels I would really be surprised to see a (BTC) breakdown that would for sure be followed by alts breakdown.
BTC just has to hold in order for the whole market to no drop too much. Large caps like ETH and BNB are also on crucial levels.
There will be some alts overperforming BTC in the next months. Chainlink has all the potential to do so!
This is not financial advice! Do your own research. Check the links in related ideas. They might give you some additional insides and food for your mind.
Trade safe, stay strong!
After making all 5 Elliot waves it was time for some correction. It seems now it is the perfect spot for new growth:
- we have a higher low (bullish sign)
- its located in the area between 0.618 and 0.65 Fibonacci levels (golden pocket)
- there is a strong support line at the same point (black triangle bottom line)
- we also bounced a bit from the price where most volumes were made (red line)
- indicators are slowly crossing on a daily timeframe (Stoch RSI already, MACD responsive one also..)
If we take into consideration the fact that many coins are on crucial levels I would really be surprised to see a (BTC) breakdown that would for sure be followed by alts breakdown.
BTC just has to hold in order for the whole market to no drop too much. Large caps like ETH and BNB are also on crucial levels.
There will be some alts overperforming BTC in the next months. Chainlink has all the potential to do so!
This is not financial advice! Do your own research. Check the links in related ideas. They might give you some additional insides and food for your mind.
Trade safe, stay strong!
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In great position vs USD also:
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After breaking the support because of BTC breakdown that took the whole market with it situation for alts is not that good anymore. Including Chainlink. Here are possible supports where the solid arrow is most probably and dot one least probable.
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This is how far it could go against USD:
