Chainlink (LINK)

١٨ أبريل ٢٠٢٣

LINK doesn't need any introduction; it has a great project, a great community, and has also given great growth. It seems the corrective wave has ended at 0.382 Fibonacci retracement and now the price is about to break the consolidation triangle-shaped area. Let's see how things unfold.

٢٠ يوليو ٢٠٢٣

ملاحظة

It looks like LINK is trying really hard to break the consolidation triangle-shaped area.

٣٠ يناير ٢٠٢٤

ملاحظة

So, after LINK broke the consolidation area upward, it went up. Then, LINK entered another consolidation area; this time a rectangle one. Let's see when LINK breaks this one.

٢ فبراير ٢٠٢٤

ملاحظة

LINK broke the consolidation rectangle shaped area and is going up.

٦ مايو ٢٠٢٤

ملاحظة

So, even though LINK broke the consolidation rectangle-shaped area and went up, LINK returned to the consolidation area again! It seems this area is strong and behaving like a magnet that attracts LINK. Let's see when LINK can get free from this area.

٢١ يوليو ٢٠٢٤

ملاحظة

So, as it turned out, LINK in moving in an inverted wedge pattern, not a rectangle area. Recently, LINK touched the wedge's bottom and then started an upward wave. Let's see if LINK can break the minor downtrend line or even reach the wedge's upper line.

٢٥ سبتمبر ٢٠٢٤

ملاحظة

So, LINK went down much further and made a pullback on the broken triangle-shaped area. It seems LINK's correction is finished when broke the first minor downtrend line. For confirmation, have to wait for LINK to break the second one too. Let's see what happens.