LINK/BTC Looking at the Big Picture
CHAINLINK has been one of the lead bulls in the Altcoin market this year.
My feeling is this is just the beginning and we may see some big moves in the future. When looking at the chart we see a clear resistance zone formed during the highs of June this year. If we break it this might signal a strong continuous rally.
After setting a triple top I'm currently looking to scale into a position.
My target is the blue support zone. If we hold that and bounce my next step is to look at what happens when we reach resistance.
If we break support I'm looking at our next base of support to scale in, although I feel this is unlikely to happen unless Bitcoin breaks down.
This concludes my quick overview. If you have any remarks feel free to share them.
Happy trading and remember!:
"There's a difference between knowing the path and walking the path"
-Morpheus_RED
My feeling is this is just the beginning and we may see some big moves in the future. When looking at the chart we see a clear resistance zone formed during the highs of June this year. If we break it this might signal a strong continuous rally.
After setting a triple top I'm currently looking to scale into a position.
My target is the blue support zone. If we hold that and bounce my next step is to look at what happens when we reach resistance.
If we break support I'm looking at our next base of support to scale in, although I feel this is unlikely to happen unless Bitcoin breaks down.
This concludes my quick overview. If you have any remarks feel free to share them.
Happy trading and remember!:
"There's a difference between knowing the path and walking the path"
-Morpheus_RED
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