Chainlink has been able to recover significantly from the lows of the past few months in line with the cryptocurrency market. In the 6-hour chart, the price has dissolved a sell-side liquidity, while in the 8-hour chart, it has reached a crucial support level. So, we are indeed talking about significant time frames relevant for technical analysis. Given this chart situation, we anticipate that further highs around $25 will be reached soon. This trading idea utilizes a relatively tight stop loss to provide an optimal risk-reward ratio.
Note
More than 3 % within a few hours. Looking good :)Note
More than 4 % from entry. Keep pushingNote
18 % up from entry. This is playing out very wellNote
We got a bigger correction today, but see a lot of trapped sellers in the wick. We expect LINKUSD to continue its bullish trend and reach our target within the next daysNote
ATM we see large hidden bullish divergences. After a period of consolidation, we should soon see a move to the upside, possibly reaching our target within the next few days
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.