Chainlink has been one of the most bullish alt coins since the start of the bear market and it shows no signs of slowing down. Looking at the daily chart you can see that since hitting its peak 6 weeks ago, the price action has formed a bullish falling wedge and has completed a .5 Fib Retracement. The MACD has a near bullish crossover and the last bullish crossover on the daily led to a 50% gain within a week! I'm not saying we will do that now, but it's worth mentioning that we might get a strong move out of this falling wedge if history repeats itself. Speaking of history repeating itself, I noticed that 100MA has acted as support for the price throughout this uptrend. It also appears that it will run into the falling wedge just as its completing. This additional support in combination with a bullish technical pattern has me bullish on LINK. I will be looking for a breakout within the coming week and think the 100MA might be the catalyst to break it to the upside.
Nota
Up over 20%. This was a good call. There should be more to come.Nota
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