in this technical analysis, Chainlink it's still showing a bearish price action that speak us and we would need to take watch out this hide side that people don't understand.
So guys, first we see in 3 Daily chart that Chainlink was break down a past bullish channel and then, we are entry into a new down of the trend maybe to take a good short opportunity.
Now, the only consequence it's in Daily timeframe that I want to enfocous in this part. My other expectative are these targets to reach down. The target's are $11.80 USD and $10.50 USD. And also, my other perspective it's that Chainlink could formed a possible bullish rising wedge and that it's good, because we could to entry in this accumulation zone to continue accumulating Chainlink if you're not buying yet. But, if my prediciton it's okay that we're form a bullish rising wedge, we could see a good profits to reach up in the medium term. But the only evidence it's that price action in H8 or H4 show sell inminent.
Look, an example of H8 it's that show bearish price action reversal, so guys, we hope that Chainlink goes to the $11.80 USD, that it's my first target to reach down!!!
So guys, first we see in 3 Daily chart that Chainlink was break down a past bullish channel and then, we are entry into a new down of the trend maybe to take a good short opportunity.
Now, the only consequence it's in Daily timeframe that I want to enfocous in this part. My other expectative are these targets to reach down. The target's are $11.80 USD and $10.50 USD. And also, my other perspective it's that Chainlink could formed a possible bullish rising wedge and that it's good, because we could to entry in this accumulation zone to continue accumulating Chainlink if you're not buying yet. But, if my prediciton it's okay that we're form a bullish rising wedge, we could see a good profits to reach up in the medium term. But the only evidence it's that price action in H8 or H4 show sell inminent.
Look, an example of H8 it's that show bearish price action reversal, so guys, we hope that Chainlink goes to the $11.80 USD, that it's my first target to reach down!!!
Note
Hello, this it's a nes update for Chainlink, we see so clearly that Chainlink it's prepared to continue down in the next hour for my target of $11.80 dollars.
Now, if you see in H4 or specially in H8 timeframe, we see that Chanlink still weakenss and this recentrly candlestick show how Chainlink it's weak.
Trade active
In H8 timeframe, we follow sell Chainlink. At the moment, we are in good profit in Chainlink and my target will be $11.80 USD
But if you see the H4 timeframe, we follow that Chainlink still more bearish and right now, I put a break even at $12.95 USD to protect my earnings. So, I'm protect with earnings in Chainlink from my price entry that was $13.51 USD.
Trade closed manually
Ok as Chainlink its ao near to touch my target profit. So automatically I closed up my short poaition right now!!!O reccomwnd to closed up because Chainlink it's now in the point and also Bitcoin and cryptocurrenciew showing the same data!!!
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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.