Chainlink Analysis Update!

Chainlink Analysis Update!


Hello Crypto Friends!

Just a quick update on the Chainlink beastcoin. - Chainlink analysis

351665157-b9d7c1c0a34e24cee132437ed126455a998dfec80ddd7598bfeff44b1ed24cb6.png

Head and Shoulder pattern broke out, and tested the neckline. Also the Ascending Triangle broke up and tested the resistance, now acting as support.

RSI and MFI back into the bullish control zone, MACD not looking too good though. 

One thing that concerns me is the rising wedge formation. Need to see this break to the upside for confidence!

Looking at a fresh chart -

351665157-528e90fb5c37267ebed30fb07cb1c7ec515a8ed7b12be90a5efe4754fa63ebc4.png

This could be a symmetrical triangle or bull flag. 

But not much else of interest here, no divergences to see.

Of course, it could all depend on the god coin BTC, if that decides to sell off again then Chainlink will certainly follow, in which case this will be a confirmed double top, and i would expect more downside!

 

Happy Trading!!



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