Start here: At the bottom of the comments of the TA above links to the next in the chain.
We have been 518 days in this range; you have had 518 days to buy Chainlink under 8 dollars.
I have been following this range for a very long time, and now I believe it's time we finally break it to the upside. The bar pattern keeps on playing out perfectly, so the next step of the fractal is a test of the top of the range with a break this time.
If you looked at the TA I linked above, you should know that we have been following a very specific bar pattern. Chainlink had a small pullback at the top of the range back in 2019, which is very similar to what's happened right now. In 2019 there was a pulled back to the 0.618 Fib before making the big move out of the range and now we have a pullback to the 0.5Fib very similar moves.
According to the bar pattern, we will break the range in the next 7 to 10 days. Once that happens, the chances are there will be a multi-month rally, which is not to be confused with a bull market rally because the bull market does not start until the end of 2024.
If you've been procrastinating about buying Chainlink, your time is up. We looked at Chainlink's history; we know that after a break in the range, we could get a very aggressive move. There won't be time.
I think I have covered everything in the last few TAs on Chainlink. The time is now; the trade is simple:
2XL leveraged Chainlink tokens on Bybit, and we hold till December 2023. Whatever the price—20, 35, or 50—that trade will be closed based on time and the bar pattern fractal.
So to conclude:
1. First bullish monthly cross on Chainlink's history MACD 2. Bullish bar pattern fractal mirror 3. Lower high candle structure the weekly 4. Break of downtrend resistance on the LINK/BTC 5. 518 days of accumulation
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We are just getting started
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The easy part done and dusted , now comes the hard part , where does it top out and when , need to make a new TA just on that tomorrow but something like this is the most likely outcome short and sweet .
@Sporia Just posted my scenario based on Elliott wave analysis. The breakout would occur by Nov 7 with a 80USD target by end of December. Please have a look and let me know if it make sense to you. Cheers.
BoardSurfer
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So far, you are right on target. Well done!
rnd8gpdtzm
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A suggestion: if you look at 2019, Link followed a perfect Elliott 5 waves pattern while going up. If you trade with that in mind you do no need to wait until end of December, you can sell at the end of wave one (usually 2 weeks after the start of the breakout), buy back when it goes 40% down. Ride the 3rd wave of the Elliott, sell, ride the last wave. Instead of making a 10x you will probably make a 30x. Of course it demands lots of focus and great timing. Just a suggestion. I don’t know how to share a graph here to explain better.
Going to test is ATH within the next 8 weeks, which is a 10x, at least. Got 115k USD invested in Link. Might be a million in Q4
SwallowPremium
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As of now that we have had the bullish run, we see that all major indicators are showing high overbought%. rather than looking for further push here, we are more of a bearish side for now on LINK coin