Chainlink Holds Strong Above 2017 High Like Few Others! (LINK)

Chainlink Holds Strong Above 2017 High Like Few Others! (LINK)

Next up on the hunt for mega bullish charts is Link! This one is a thing of beauty. As you can see, Link has broken out substantially higher than the high that was created in late 2017. If you recall, that was (and still is) the all time high for BTC , ETH, XRP, and so many others. Link, on the other hand, has managed to break out above the 2017 high, but not only that, it returned to that level (blue horizontal trendline ) and held it as support. Now, we can see that link is in the process of forming what appears to be a massive inverted head and shoulders pattern. Additionally, it is above the Gaussian Channel, which has recently turned green. Link appears to be setting up for BIG gains, as it shows technical strength that doesn’t exist in probably 99% of the other cryptocurrencies. Look for another test of the rising neckline of the inverted head and shoulders pattern in the near future. A sustained breakout will confirm that massive upside is in the cards for the near future.

I’m The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.

***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***


Published at Sun, 10 Nov 2019 16:50:37 +0000

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