LINK is due for a breakout // W pattern

Link's fundamentals are one of the best in the crypto industry, research yourself why.
Link is a long term hold for me, when these guys feed oracles to corporations, finance, banks and govs and the consumers are adopted on the blockchain; link will be top 5, if not top 3 market cap crypto. Not gonna do crazy predictions but it will be a 4 digit link. (next 1/3 years)

The situation now is that link is still cheap because of a large supply and sell pressure. This will decrease over the next months and we will see more and more institutional money inflowing; especially investment funds and corporations. (next 1/3 months)

Link is consolidating at the moment after ATH, now it completed its W pattern and is ending it will a small retracement; after that we can see upwards action to previous ATH or a bit or a few levels above it; see TP targets.

코멘트:

This is not financial advice, just my opinion, trade or invest at own risk. Link bullish tomorrow will depend on BTC. (check my other idea) Lets hope BTC has at least one more good day...?

액티브 트레이드:

Like clockwork! 10YR Yield got rejected at local high, Dollar gained towards EUR but gets rejected now. I expect another EUR retest at around 1.20$; meaning BTC will reverse upwards in the immediate short term. This will mean LINK will breakout to the upside; wait for breakout + retest at 28,6$! I expect green candles coming soon!

코멘트:

check my profile for Yield and EUR/USD charts and projections. Looking good for the immediate (!) short term. Seems BTC still has some gas for the next 24 / 48 hrs. Keep an eye on the charts mentioned above to understand where we are heading.

코멘트:

We need more volume for a decisive breakout. Be patient.

코멘트:

still waiting, volume needs to pick up... dont rush into a trade, wait for confirmation, BTC is looking good and should drag link up... lets see if the US market is hungry for LINK

코멘트:

Consolidation today, still trading above support. I expect new ATH for BTC tomorrow and Link breakout could be on! Dont flip bearish on alts or the market, tomorrow its Saturday!

액티브 트레이드:

New ATH for BTC exactly what I said yestrday. LINK will follow BTC like she always does! We need more volume and break 30$ to get a solid confirmation. To everyone who took my entry: congratulations, you are in profit! Take profits if we do not manage to break 30$!

코멘트:

LINK just broke 30$, I expect more upside, if we break 31,72$, she will fly!

코멘트:

LINK needs to break resistance with decent volume! lets be patient... this could happen in the next 24 / 48 hrs if BTC chills out a little.

코멘트:

SHORT TERM CONSOLIDATION: BTC will come down to fill the CME gap. Check my chart on my profile for levels. Still remaining bullish on LINK but we might see some more lows before a breakout to the upside. LONG oppurtunity is still on later this week.

코멘트:

FYI: LINK & BTC are always acting exactly the same on dumps. BTC down is LINK down, this is a good thing; smart money is in LINK. BTC needs to chill at a price level and stay there or grow little by little for LINK to explode. Stay tuned!