LINK Marines - Assemble!
The LINK Marines really need to rally around their token in order to save the day!
We still remain on our bullish count which is shown on the chart, the a-b-c correction was a little more difficult to count than in other altcoins but nevertheless this wave movements don't look bad.
The unsettling and interesting detail in Chainlink is that we touched the 0.786 retracement perfectly a few hours ago and heavily pushed back since then. This may be very well a good start for our projected wave (iii) but the price needs to build up a lot of bullish momentum in the next days, and we absolutely shouldn't remain at these low levels in the future.
Keep in mind that our bearish alternative of a lower Cycle Wave (2) is still in place because Chainlink established a tough horizontal channel which lasted nearly 300 days as of now. Seriously, look it up on the chart and see it for yourself, it's kind of impressing...
The support at 5.39$ is crucial for our bullish count, and it would mean very bad news for our fellow Chainlink Holders if this level is breached. I can assure everyone on here that we are watching this very carefully and will update you guys if needed!
Please note that we are already invested in Chainlink since the 20th of June and 14th of February 2023, back then we announced our first positions here on tradingview.
If you should have any questions whatsoever, you can write a comment or contact me directly!
Long #1 Chainlink ( LINKUSD )
AVERAGE EXECUTION PRICE: 6.17$
STOP-LOSS: NONE
LONGERM Target: +90$
Long #2 Chainlink ( LINKUSD )
AVERAGE EXECUTION PRICE: 6.58$
STOP-LOSS: NONE
LONG TERM TARGET: +90$ and more
We still remain on our bullish count which is shown on the chart, the a-b-c correction was a little more difficult to count than in other altcoins but nevertheless this wave movements don't look bad.
The unsettling and interesting detail in Chainlink is that we touched the 0.786 retracement perfectly a few hours ago and heavily pushed back since then. This may be very well a good start for our projected wave (iii) but the price needs to build up a lot of bullish momentum in the next days, and we absolutely shouldn't remain at these low levels in the future.
Keep in mind that our bearish alternative of a lower Cycle Wave (2) is still in place because Chainlink established a tough horizontal channel which lasted nearly 300 days as of now. Seriously, look it up on the chart and see it for yourself, it's kind of impressing...
The support at 5.39$ is crucial for our bullish count, and it would mean very bad news for our fellow Chainlink Holders if this level is breached. I can assure everyone on here that we are watching this very carefully and will update you guys if needed!
Please note that we are already invested in Chainlink since the 20th of June and 14th of February 2023, back then we announced our first positions here on tradingview.
If you should have any questions whatsoever, you can write a comment or contact me directly!
Long #1 Chainlink ( LINKUSD )
AVERAGE EXECUTION PRICE: 6.17$
STOP-LOSS: NONE
LONGERM Target: +90$
Long #2 Chainlink ( LINKUSD )
AVERAGE EXECUTION PRICE: 6.58$
STOP-LOSS: NONE
LONG TERM TARGET: +90$ and more
Uwaga
The resistance at 5.90$ held, so far...Seriously, that's some pretty good news, and chainlink managed to recover by a little more than 20%.
Let me say this clear, it's EXTREMELY important that chainlink now extends this gains, and we shouldn't decline to lower prices again under any circumstances.
We uploaded a very detailed video on our YouTube channel about chainlink last week, since I am still not allowed to post this here, feel free to check out our YouTube channel!
Uwaga
Chainlink is really playing around with my count, the bullish movements in the past week resemble a solid wave (i) setup.The ongoing correction can be counted as a (w)-(x)-(y) most likely, but Chainlink really has to pull itself up from the bootstraps. We can't stay at these low levels if we want to establish a bullish wave (iii).
The support at 5.906$ needs to hold under any circumstance, breaking below this line would mean bad news for all of us.
Uwaga
Impressive... very nice!Chainlink is exactly playing out how our counts have foreseen it, the next big challenge will be breaking above 9.50$.
I hope everyone could profit of this article as much as possible, we are nearly +33% in profit with our long positions
Cheers!
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
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Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.