Chainlink, LINK, Golden pocket sets up 7x, $125, Target 2: $500

4 日前

I've been pretty cautious about projecting higher than the -0.236 algo target this time around but somehow 7x doesn't feel like enough for link... so I've added the second target. I really like this chart. looks very nice.

solid accumulation just above the 0.618, tested and rejected at the bear fib pocket, with a higher low put in at the next golden pocket. seems ready to try again. It also looks like a big cup and handle that gives the same target as the 1st algo... so maybe that is all it gets. even still, 700% for a coin this large and this solid is pretty nice. we get spoilt in crypto don't we?

See linked BTC chart for why my charts are so bull.


The Trade:

• Preferred Entry: $8.71
  
• Ape Entry: $14.30
  
• Stop: $9.80 / $7.90
  
• Resistance: $21 - order block + bear golden pocket.
  
• Target 1: $125
  
• Target 2: $500
  

D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.

Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.