Hello Crypto Friends!
Alot has happened on the chart since last post, and i wanted to share my thoughts on where i think this monster of an altcoin is headed in the near term.
On the 4 hr chart.
- We have held the trend line!!!
- If you disregard the pop out the top and the pop out the bottom, we are in an Ascending Triangle. With a target of $5.23. After extending the fibonacci to that target, you can see it matches up very nicely with price.
- The MFI and RSI showing hidden bullish divergence and the MACD is just crossing back to the upside now.
On the 1 hr chart.
We have a classic Inverse Head and Shoulders pattern, with the volume matching perfectly. Target for this pattern..........$5.23.
No to mention the bullish bounce off the 13 EMA on the daily. I am putting my money on Chainlink moving upwards very shortly.
Happy Trading!!
