LINK - at weekly support, showing some bullish signs
The current CoinMarketCap ranking is #21, with a market cap of just $10,000,000,000 USD.
We all remember famous chainlink run from 0.5$ to 50$, but after it LINK enter into long consolidation.
Considering CMC ranking and M.Cap od just 10 Billion (for example, at the same time DOGE is at 22 Billion) LINK should reach 50 Billion at least in Q1-Q2 next year.
Price action created big triangle with clear support (15-19$) which held pretty well few times. Notice barely visible hidden bullish divergence on RSI and Stoch RSI oversold condition (yes, it can stay oversold for some time, but it is sign that bottom is somewhere around the corner).
Watch for Anchored VWAP dynamic supports (from bottom which is great area for buy orders and other from top, which when broken will indicate bullish sentiment and probable ATH retest). Don't forget about upper boundary, but considering current market condition, I wouldn't be surprised if Anchored VWAP comes to upper boundary (Q1 2022).
Just to reach previous ATH, gain would be 150%. Risk/reward looks very favorable in my opinion.
We all remember famous chainlink run from 0.5$ to 50$, but after it LINK enter into long consolidation.
Considering CMC ranking and M.Cap od just 10 Billion (for example, at the same time DOGE is at 22 Billion) LINK should reach 50 Billion at least in Q1-Q2 next year.
Price action created big triangle with clear support (15-19$) which held pretty well few times. Notice barely visible hidden bullish divergence on RSI and Stoch RSI oversold condition (yes, it can stay oversold for some time, but it is sign that bottom is somewhere around the corner).
Watch for Anchored VWAP dynamic supports (from bottom which is great area for buy orders and other from top, which when broken will indicate bullish sentiment and probable ATH retest). Don't forget about upper boundary, but considering current market condition, I wouldn't be surprised if Anchored VWAP comes to upper boundary (Q1 2022).
Just to reach previous ATH, gain would be 150%. Risk/reward looks very favorable in my opinion.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.