Chainlink Huge Breakout Coming Market Going To Downfall

avatar

The breakout point for chain link you see that puts us about at that 90 level the breakout target of this giant rising wedge is all the way up towards 90 bucks and that's just the start of it this is actually our shorter term breakout and you could see how perfectly this actually played out and why i'm super excited for chain link going on into the future you know chain link has been absolutely destroying the last couple weeks and this still to run but do we need to cool off in the short term well in this next chart
download 89.png
We're going to take a look at it is chain link hitting a major resistance now and do we need to cool off a little bit well let's switch on over to that and not waste any more time so look on this weekly chart for chain link we did break out of this shorter term i mean if you want to call it shorter term rising wedge and we back tested it but if you look we could just be in this bigger rising kind of symmetrical triangle rising wedge or whatever you want to call it what i basically did i connected these trend lines you see we topped out once there we topped out twice there three times four times and look exactly where we just topped out on our last little run at this trend line we need to consolidate a little bit before moving on up well i think it's possible that we do but we know this is crypto this thing could just rip straight through this resistance line like technical analysis

Posted Using LeoFinance Beta



1 comments