Hello all. Looking at chainlink on the daily chart we see that we found support around $18 right at the long ascending support line (yellow line).
If we draw a resistance on the daily timeframe we get a resistance sitting at around $31-$32.
The fibonacci retracement from swing high to swing low gives us a golden pocket target which sits at around $29. This also corresponds with the downtrending resistance line which makes me speculate that chainlink will hit this target for a retest.
This price target puts chainlink at 55% gain for the short term.
Bullish signs to look for: Oversold stochastic Rsi, price to break current resistance around $20, golden cross.
Thanks for reading ,and stay tuned. Enjoy.
If we draw a resistance on the daily timeframe we get a resistance sitting at around $31-$32.
The fibonacci retracement from swing high to swing low gives us a golden pocket target which sits at around $29. This also corresponds with the downtrending resistance line which makes me speculate that chainlink will hit this target for a retest.
This price target puts chainlink at 55% gain for the short term.
Bullish signs to look for: Oversold stochastic Rsi, price to break current resistance around $20, golden cross.
Thanks for reading ,and stay tuned. Enjoy.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.