Chainlink (LINK) - DescendingChannelPattern
Good day all, it's been a while since I dived so deep into the charts but to me it's all becoming a lot clearer which way we could go in the coming weeks/months. There could be great opportunities to make some really good investments in the BIG caps again.
Small explanation for Chainlink we are currently in a descending channel, yes we can still go up a few percent in the coming weeks but for the long term it does not look good for Chainlink in my opinion.
We made the HIGH on May 10, 2020 then a low on July 19, 2020 and it looks like we have now made a lower high on November 08. For now, it looks more like we could go further down. My targets are $10 - $6.
Of course I hope we are going to go much higher with everything, But taking profits and being prepared for lower targets is of course never a bad thing. I hope this was helpful, please let me know.
Small explanation for Chainlink we are currently in a descending channel, yes we can still go up a few percent in the coming weeks but for the long term it does not look good for Chainlink in my opinion.
We made the HIGH on May 10, 2020 then a low on July 19, 2020 and it looks like we have now made a lower high on November 08. For now, it looks more like we could go further down. My targets are $10 - $6.
Of course I hope we are going to go much higher with everything, But taking profits and being prepared for lower targets is of course never a bad thing. I hope this was helpful, please let me know.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.