Chainlink (LINK): Possible Head & Shoulder Pattern!
Chainlink caught our attention in the daily timeframe, with a possible good drop to happen soon.
As you can see, we are seeing a nice H&S pattern where the price once broke the neckline zone and now went for a re-test of the EMAs and the broken zone.
From here on, we are looking for a nice rejection to happen and a downward movement to start!
Swallow Team
As you can see, we are seeing a nice H&S pattern where the price once broke the neckline zone and now went for a re-test of the EMAs and the broken zone.
From here on, we are looking for a nice rejection to happen and a downward movement to start!
Swallow Team
ملاحظة
Chainlink still feels some pressure after the rejection from the branch of EMAs here. The neckline seems too sweet to be broken so keep an eye on this!
ملاحظة
Chainlink is back at testing the neckline zone, where the price has moved so far by 6% since our entry there.
Upon seeing a successful break, we will see a great downward movement here!
ملاحظة
Chainlink formed one of our favourite patterns and resulted in a nice 42% market price movement towards our target zones!
🟢 IDEA WAS SUCCESSFUL
🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
إخلاء المسؤولية
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
إخلاء المسؤولية
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.