Chainlink

Chainlink correction started

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It looks like LINK peaked earlier than I thought. Time to jump ship and sell! I’ve adjusted my fib lines in this chart and these updated lines could be the support and resistance of the correction we just entered. It could be a standard ABC correction, with dips at 0.618 ($7.31330) and 0.382 ($6.38902). These would be good buy-ins if the chart remains bullish. I hope we see another impulse wave start after this, but watch to see if a head and shoulders forms. If one forms, and if the pattern is confirmed, we could be in for a longer bearish trend.

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