Is the correction over?
That's the first question that comes to mind when looking at the Chainlink vs Bitcoin (LINKBTC) chart.
A major uptrend developed after the May 2022 low that peaked early November.
In December a lower high was hit followed by a strong correction.
Few signals point to a potential end of this corrective wave.
A reversal can happen here.
A higher low would lead to a higher high, let's find the next target.
Found, 0.00070782 for 130%.
Namaste.
That's the first question that comes to mind when looking at the Chainlink vs Bitcoin (LINKBTC) chart.
A major uptrend developed after the May 2022 low that peaked early November.
In December a lower high was hit followed by a strong correction.
Few signals point to a potential end of this corrective wave.
- 1) Trading volume has been on the decline. Bear volume peaked in November and has gone much lower.
- 2) RSI Bullish divergence. The RSI hit bottom in December yet LINKBTC continued to hit new lows.
- 3) Back above 0.618 Fib. Prices went below the 0.618 Fib. retracement level for the May-November bullish wave. Today, LINKBTC is moving back above this level. This is a strong bullish signal if it can stay above it.
- 4) Other BTC pairs going bullish. Across the market, many of the altcoins vs bitcoin pairs have gone bullish with some going green 3 digits within a single day.
- 5) EW Flat. We have a perfect flat correction, 3-3-5. Signaling the potential end of the current move.
A reversal can happen here.
A higher low would lead to a higher high, let's find the next target.
Found, 0.00070782 for 130%.
Namaste.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
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해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.