EJ12345

$LINK has the tendency to repeat its previous cycle

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BINANCE:LINKUSD   ChainLink
Since May 2018, Link has followed this rising channel with cycles of 14 to 16 months.

Each cycle, there has been at least 1 retest of the previous high.
Each cycle, there have been 2 retests of the previous breakout level.
Each cycle ended in a retest of the support trendline, resulting in the next bull run.

I'll be keeping an eye out for a shorting opportunity if Link reaches the 20-dollar range.

I hope you like what you see.

EJ - Just for fun
Komen:
However, I have no reason to believe a strong downside move of $LINK is pending, as alts are starting to rally.
I only see this play out in correlation to high volume price action of BTCUSD.

In case of a strong correction or strong pump of BTC, alts will bleed, and when they do, they will bleed hard...

EJ - Just for fun
Komen:
Link broke through resistance, immediately finding support at the $20 level.
From now on, the only way is up!
First target $36 (give or take)

Komen:
Perfect breakout and retest of previous resistance as support on the hourly chart.
Imagine not buying Link here


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